Chandes Momentum Oscillator Bitcoin Trading Analysis and Bitcoin Trading Signals
Developed by Tushar Chande
Chandes Momentum Oscillator measures momentum of bitcoin crypto.
This Indicator uses a scale ranging between +100 and -100 thus allowing the bitcoin 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.
Bitcoin Trading Analysis and Generating Bitcoin Trading Signals
Buy Bitcoin Trading Signal
This Oscillator measures the momentum of bitcoin price.
Levels above Zero line are considered to be bullish/buy cryptocurrency signals.
The higher the indicator goes the higher the upward btcusd price momentum.
Buy Crypto Trading Signal
Sell Bitcoin Trading Signal
Levels below Zero line are considered to be bearish/buy cryptocurrency signals.
The lower the indicator goes the higher the downward btcusd price momentum.
Sell Crypto Trading Signal
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