Chandes Momentum Oscillator Technical Bitcoin Analysis & Trading Signals
Created by Tushar Chande
Chandes Momentum Oscillator measures momentum of bitcoin crypto.
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
Chandes momentum uses info for both up days and down days in the numerator, therefore directly measuring momentum.
Calculations are performed on unsmoothed data. This allows for shortterm extreme movements to be less hidden. However, smoothing can still be applied to the Oscillator.
Bitcoin Crypto Currency Analysis & How to Generate Signals
Buy Trading Signal
This Oscillator measures the momentum of bitcoin price.
Levels above Zero line are considered to be bullish/buy bitcoin trade signals.
The higher the indicator goes the higher the upward bitcoin price momentum.
Buy Trading Signal
Sell Trading Signal
Levels below Zero line are considered to be bearish/buy bitcoin trade signals.
The lower the indicator goes the higher the downward bitcoin price momentum.
Sell Trading Signal
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