Chande Dynamic Momentum Index Analysis & Chande DMI Signals

Developed by Tushar Chande

Chandes DMI is similar to Welles Wilder's RSI, however, there's one very crucial difference.

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

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

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

How Do I Use DMI Indicator? - DMI Indicator Analysis