Chandes Momentum Oscillator Bitcoin Trading Analysis & Trading Signals

Developed 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

Chande momentum uses data for both up days & down days in the numerator, thereby directly measuring momentum.

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.

Bitcoin Trading Analysis & How to Generate Trading 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 Crypto 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 Crypto Trading Signal