We have different momentum indicators: MACD, RSI, Stochastics Role of thumb: A new high in momentum ▶ expect a high in price A new low in momentum ▶ expect a low in price Diversion: new higher high in price but lower high in indicator ▶ expect a strong retrace in price Momentum Indicator
Type: Trend reversal indicator Settings: Period 25 Signal line 27
A statistical technique used to identify the strength and direction of the market trend is using the Linear Regression Slope as this is a centred oscillator type indicator. It fluctuates above and below a central line drawn at 0. This indicator can be used to measure the strength or weakness and direction of the […]
$GBPCAD Nicely fits in a channel.Sell at 1.7560TP: 1.7250 & 1,7100SL: 1.7650
