Chande Dynamic Momentum Index Bitcoin Analysis & Chande DMI Trading Signals

Created by Tushar Chandes

Chande DMI indicator is similar to Welles Wilder’s Relative Strength Index indicator, however, there's one very important difference.

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

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

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

BTCUSD Analysis and Generating Signals

Buy Trade Signal

A buy signal gets generated when the DMI crosses above the 50 level mark.

Buy Signal

Sell Signal

A sell signal gets generated when the DMI crosses below 50 level mark.

Sell Signal