Chandes

Tushar Chande’s DMI – indicator MetaTrader 5

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Tushar Chande's DMI - indicator for MetaTrader 5
Definition of ‘Dynamic Momentum Index’ An indicator used in technical analysis that determines overbought and oversold conditions of a particular asset. This indicator is very similar to the relative strength index (RSI). The main difference between the two is that the RSI uses a fixed number of time periods (usually 14), while the dynamic momentum … Read more

Chandes Quick Stick (Qstick) – indicator MetaTrader 5

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Chandes Quick Stick (Qstick) - indicator for MetaTrader 5
Indicator was designed by scientist, inventor, author, and trader Tushar Chande in order to help identify market trends with the use of candlestick charts. In case the Qstick indicator shows a reading below zero, this is indicative that the majority of candlesticks during the examined period are bearish, thus, the bias for the trading instrument … Read more

Chande’s DMI (Dynamic Momentum Index) – indicator MetaTrader 5

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Chande's DMI (Dynamic Momentum Index) - indicator for MetaTrader 5
The Dynamic Momentum Index (DMI) is a variable term RSI. When default values are used, the RSI term varies from 3 to 30. The variable time period makes the RSI more responsive to short-term moves. The more volatile the price is, the shorter the time period is. It is interpreted in the same way as … Read more

Chande’s DMI – std adaptive with dsl signal lines – indicator MetaTrader 5

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Chande's DMI - std adaptive with dsl signal lines - indicator for MetaTrader 5
Theory : Original definition of the Tushar Chande’s and Stanley Kroll’s DMI is the following : The dynamic momentum index is used in technical analysis to determine if a security is overbought or oversold. This indicator, developed by Tushar Chande and Stanley Kroll, is very similar to the relative strength index (RSI). The main difference … Read more

Chande’s DMI – std adaptive with floating levels – indicator MetaTrader 5

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Chande's DMI - std adaptive with floating levels - indicator for MetaTrader 5
Theory : Original definition of the Tushar Chande’s and Stanley Kroll’s DMI is the following : The dynamic momentum index is used in technical analysis to determine if a security is overbought or oversold. This indicator, developed by Tushar Chande and Stanley Kroll, is very similar to the relative strength index (RSI). The main difference … Read more

Chande’s DMI – volatility ratio adaptive – indicator MetaTrader 5

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Chande's DMI - volatility ratio adaptive - indicator for MetaTrader 5
Theory : There are a couple of versions of Tushar Chande’s DMI. Some adaptive too. What is different in this version is that all is adaptive : the DMI, the dsl signal lines, All that could be made adaptive is adaptive in this version. It is using volatility ratio for adapting Usage : You can … Read more