case of breakthrough of the channel. For a signal for sale the opposite conditions are necessary: strategie Schatten forex Indikator breakthrough of the line of Demark down; Momentum line movement is lower than level 100; crossing of the EMA(9) line and EMA(30) line from top to the bottom. Yes 36 Votes 55, no 30 Votes 45, bookmark Thread, search this Thread. As soon as an hour candle completely (or, at least, for 80) is closed over the EMA(19) line we will enter a purchase at opening of the following candle.
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However, more precise assessment requires analysis of its behavior in relation to central level (0 or 100). Alexander Elder always preferred trade in the direction of strong movement therefore we will use only trend characteristics of the Momentum indicator. Then a signal on purchase is a breakthrough of the line of own moving average from below up, and a signal for sale from top to down. Decision making requires availability of Demark line connecting 3 minimum or 3 maximum fluctuations. Usually smoothing, averaging and other transformations are not applied to results. A sharp reaction of the indicator at the moments of speculative price bounces that makes its signals absolutely incorrect is a shortcoming of Forex Momentum trading. Indicators: two moving averages of EMA(9) are red, EMA(30) - the blue line; the Momentum (14) indicator with level 100. We put Stop Loss on behind a local extremum: for sale - higher than a maximum, for the purchase - lower than a minimum. Any strong deviation which is easily distinguished by using this tool can be considered as a critical market condition which can be used for successful position opening.