Trading with the Momentum Indicator
Trading with the Momentum Indicator
This lesson is designed to introduce the trader to the momentum indicator, its basic construction, how it can be used for trends or reversals to indicate trend strength or weakness, and how it relates to price action.
best explanation for the indicator so far…………
When I apply the indicator to my charts I get readings around 100. Should I use that as a barometer rather than zero?
Hello Phil,
0 Should always be the mid-point, not 100 which is generally a high momentum reading.
Hope this helps.
Kind Regards,
Chris