This lesson is designed to introduce the trader to the forex trend 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.
3 thoughts on “Trading with the Momentum Indicator”
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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
best explanation for the indicator so far…………