Chande Momentum Oscillator Silver Technical Analysis and Trading Signals

Created by Tushar Chandes

Chande Momentum Oscillator measures momentum of silver.

This Indicator uses a scale ranging between +100 & -100 thus allowing the trader to clearly see changes in net momentum using the 0 level mark as a balance point.

Calculation

Chande momentum uses data for both up days & down days in the numerator, thereby directly measuring momentum.

Calculations are performed on unsmoothed data. This allows for short term extreme movements to be less hidden. However, smoothing can still be applied to Oscillator.

Technical Analysis and Generating Trade Signals

Buy Silver Signal

This Oscillator measures the momentum of price.

Levels above Zero line are considered to be bullish/buy signals.

The higher the indicator goes the higher the upward xagusd price momentum.

Buy Trading Signal

Sell Silver Signal

Levels below Zero line are considered to be bearish/buy signals.

The lower the indicator goes the higher the downward xagusd price momentum.

Sell Trade Signal