Algorithmic trading, also known as automated trading, uses computer programs that trade based on pre-programmed …
Read More »The Chande Momentum Oscillator – A Unique Approach to Measuring Market Strength
Tushar Chande developed the Chande Momentum Oscillator as a momentum indicator based on the Relative Strength Index formula. This indicator compares recent gains to losses, and identifies overbought and oversold levels. Overbought and oversold levels often signal price reversals and provide entry signals, however an indicator which fails to breach these levels could signal a range market. How It Works …
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