Chande Dynamic Momentum Index Silver Technical Analysis and Chande DMI Trading Signals

Developed by Tushar Chande

Chande DMI is similar to Welles Wilder’s RSI, however, there is one very important difference.

Relative Strength Index uses a fixed number of xagusd price periods while the Chande Momentum Dynamic Index uses a variable amount of xagusd price periods as market volatility changes.

The number of xagusd price periods used by this Momentum Index indicator decreases as market volatility increases. This allows the technical indicator to be more responsive to xagusd price changes.

The Chande DMI is more accurate than the RSI, has less whipsaws and is less Choppy

XAGUSD Trading Technical Analysis & How to Generate Trading Signals

Buy XAGUSD Signal

A buy signal is generated when DMI crosses above the 50 level mark.

Buy Trading Signal

Sell Silver Signal

A sell signal is generated when DMI crosses below the 50 level mark.

Sell Trading Signal