The idea of the indicator
Two lines – simple ‘Momentum’ indicator and ‘Momentum’ indicator smoothed with ‘Moving Average’.
Rice. 1. MA on Momentum
How to trade
We are looking for moments when the indicator lines cross: if the cross is below the ‘100’ level, this is a signal to open a BUY position; if the recalculation is above the ‘100’ level, this is a signal to open a SELL position.
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