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. Please refer to the "Moving Average" indicator for additional details.
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