Electrified Aggressive Momentum Signal

What this can be used for:

• If you've already decided you want to trade a symbol, this can identify points of momentum alignment.
  
• If a strong move has recently happened and you're looking for a change in momentum.
  

How it works:

This is a weighted combination of a Stochastic RSI and two modified SuperTrend (ATR Trailing Stop) indicators:

• The Stochastic RSI signal is based upon aligned momentum and is negated at the overbought and oversold points.
  
• The SuperTrend formula uses high and low values for calculation and both fast and slow can be adjusted for sensitivity.
  

Philosophy:

Signals have to be useful to humans. If a signal occurs to late, you've missed it. The intent of this indicator is to assist in timing a trade at very short time-frames. It assumes your conviction about a trade already exists, but you are trying to get an optimal entry.

Opposing momentum (weak signal) within an uptrend can be a sign that you should wait before entering. The frequency of a signal can indicate the strength of the trend. As the frequency of the aligned signal value decreases so does the reward vs risk.

Phát hành các Ghi chú:

Updated sample image.

Phát hành các Ghi chú:

Updated sample image.