Chande Dynamic Momentum Index Bitcoin Trading Analysis and Chande DMI Bitcoin Trading Signals
Developed by Tushar Chande
Chande DMI is similar to Welles Wilder’s Relative Strength Index, however, there is one very important difference.
RSI uses a fixed number of btcusd price periods while the Chande Momentum Dynamic Index uses a variable amount of btcusd price periods as market volatility changes.
The number of btcusd price periods used by this Momentum Index decreases as market volatility increases. This allows the indicator to be more responsive to btcusd price changes.
The Chande DMI is more accurate than the RSI, has less whipsaws and is less Choppy
Bitcoin Trading Analysis and Generating Bitcoin Trading Signals
Buy Bitcoin Trading Signal
A buy Signal is generated when the DMI crosses above 50 level mark.
Buy Bitcoin Trading Signal
Sell Bitcoin Trading Signal
A sell Signal is generated when the DMI crosses below 50 level mark.
Sell Crypto Trading Signal
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