Chandes Momentum Oscillator Stock Indices Technical Analysis & Stock Indices Signals
Developed by Tushar Chande
Chandes Momentum Oscillator measures momentum of a stock indices.
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 and down days in the numerator, thereby directly measuring momentum.
The calculations are performed on unsmoothed data. This allows for short-term extreme market movements to be less hidden. However, smoothing can still be applied to the Oscillator.
Stock Indices Technical Analysis & Generating Indices Signals
Buy Stock Indices Signal
This Oscillator measures the momentum of stock index price.
Levels above Zero line are considered to be bullish/buy stock index trade signals.
The higher the indicator goes the higher the upward stock index price momentum.
Buy Indices Signal
Sell Indices Signal
Levels below Zero line are considered to be bearish/buy stock index trade signals.
The lower the indicator goes the higher the downward stock index price momentum.
Sell Stock Indices Signal
