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Forex Indicator VIDYA

Developed by Tushar Chande, the Variable Index Dynamic Average (VIDYA)indicator was described in the March 1992 edition of Stock & Commodities magazine. Chande's VIDYA is a moving average that automatically adjusts its speed based on market volatility. The absolute value of a 9-period Chande Momentum Oscillator is used for the volatility index.

Interpretation

Chande's VIDYA can be used in place of traditional moving averages. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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