# Chande Momentum Oscillator Forex Technical Analysis and Forex Trading Signals

Developed by Tushar Chande

Chande Momentum Oscillator measures momentum of a currency pair.

This Indicator uses a scale ranging between +100 and -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 and down days in the numerator, thereby directly measuring momentum.

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

## Forex Technical Analysis and Generating Forex Trading Signals

## Buy 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 price momentum.

**Buy Signal**

## Sell Signal

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

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

**Sell Signal**