Tuesday, October 26, 2021

OC Momentum


OC Momentum oscillator uses Open and Close price to calculate its value.

The only variable n default value is 3. It can be modified obviously.

The histogram simplifies identification of trade entry.

Usage in trending markets:

Points 1 and 2 form a trendline.

Entry signal is when the indicator curve crosses the zero line and the first histogram bar of propper color is formed.

Points 3,4 and 5 present possible entry points.

Take into account that no trend is endless.  

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