Introduction to the Chande’s Momentum Oscillator Indicator The Chande’s Momentum Oscillator Indicator is a custom forex oscillator that was originally developed by Tushar Chande. As the name suggests, it is a technical indicator that attempts to capture the market’s momentum. As it is with all oscillators, a trader takes advantage of provided overbought/oversold levels. The…
Tag: momentum indicators
Momentum Divergence Indicator
Introduction to the Momentum Divergence Indicator The Momentum Divergence Indicator is a forex indicator that automatically recognizes divergences between price and momentum indicator. It draws two lines: classic divergence takes place when the lines are solid, while reversed divergence occurs with dotted lines. Additionally, it marks the potential entry points with buy/sell arrows. The Momentum…
QQE Histogram Indicator
Introduction to the QQE Histogram Indicator The QQE Histogram Indicator is another variation of the original QQE indicator, which was only used to show the QQE values. The QQE Histogram indicator, as the name suggests, shows signals in the form of a histogram, demonstrating a clear momentum overview and overbought/oversold levels. The QQE Histogram Indicator…
SRange Contraction Indicator
Introduction to the SRange Contraction Indicator The name of the SRange Contraction indicator calculates the ratio between today’s and the previous day’s ranges and displays these values. When the previous day’s range is tighter than the day before, this could suggest a potential explosive momentum today according to Toby Crabel. An alert pointer (red dot)…
CMO Smoothed Indicator
Introduction to the CMO Smoothed Indicator The CMO Smoothed indicator is based on Chande Momentum Oscillator but it uses smoothed price for its formula calculations. It is an oscillator so the signal line moves between overbought (50) and oversold (-50) levels. Usually, when the price is overbought – you should be looking for sell opportunities.…
Momentum Scalper Indicator
Introduction to the Momentum Scalper Indicator The Momentum Scalper indicator is, as the name suggests, a forex trading tool created for scalping traders. The signals provided by this indicator are really easy to follow. Just stick to the trading rules below. Histogram bars: Red bars represent market moves to the downside. Blue bars represent market…
MA Momentum Arrows Indicator
Introduction to the MA Momentum Arrows Indicator The MA Momentum Arrows indicator is based on the MA (Moving Average) applied to the Momentum indicator. It draws arrows at the confirmed crosses of the Momentum line over the MA line. When the Momentum crosses upwards, then a buy arrow is displayed and vice versa. The arrows…
Extreme Spike Indicator
Introduction to the Extreme Spike Indicator The Extreme Spike Indicator is, as the name suggests, a forex trading tool that recognizes spikes in the market. This is a perfect indicator for reversal traders. A spike often indicates a turn-around moment. The best way to use that gauge is to apply it to your favourite trading…
Holt Double Exponential Smoothing Indicator
Introduction to the Holt Double Exponential Smoothing Indicator The Holt Double Exponential Smoothing Indicator is a custom forex trend momentum indicator. It is mainly used for forecasting, not as an average. The forecasting method usually used with it is a sort of linear forecasting. Simply look for buy trades when the signal line is green…
Dadas True Trend Indicator
Introduction to the Dadas True Trend Indicator The Dadas True Trend Indicator is a trend momentum forex trading tool. It fits all kinds of timeframes and currency pairs. By default, it will work perfectly at lower timeframes like M1 or M5. If you want to trade at higher timeframes, change the “TF” option in the…