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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.

Chande Momentum 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

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

Sell Signal

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Silver and Gold Online Trading

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Tight Spreads

EURUSD: as low as 0.1 pips
GBPUSD: as low as 0.1 pips
USDJPY: as low as 0.1 pips
Commission fee is charged
Commission reduced from $5 to $3.5 per side

Regulated Broker

Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account


Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account


Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account

Regulated Broker

Open Demo Account
Open Real Account