This is an experimental Indicator based on Momentum. Picks the Top & Bottom Candle for most Swing. Please post your opinion or suggestion to improve this indicator.
I have not back tested this completely. This is recently developed Indicator.
how can i add the arrows like you are showing in your charts?
helloboy73
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Hello, I would like to try all of these indicators (of ucsgears) in my Multicharts...I see that the code must be changed to make it work in MC! how should I do? There are somewhere in the precise codes to be copied and compiled? (sorry my english) thanks
Mertto
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Hey do you still use this Indicator or got a better one? Is there a best time frame to use or canare all same accurate, and is there any other toool that could help?
UDAY_C_Santhakumar
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@Mertto, Depending on what you are trying to do. If you are trying to pick top and bottom in a stock with absolute accuracy, this indicator wont do it. All It does is shows exhaustion in a move. Use this to get a bargain entry or develop a strategy around it.
A-shot
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Cool! Any idea on how it performs on currencies and within the day trading - shorter than daily term trades?
UDAY_C_Santhakumar
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May be you can back test on currency pair and post suggestions to improve. Play around with the settings, So far, I have only tested it briefly on stocks, with the same settings, haven't found any other better settings yet.
good early signals.