Momentum Potentia Altopium
- Göstergeler
- Antony Famulari
- Sürüm: 1.0
- Etkinleştirmeler: 5
Momentum Potentia Altopium is a trend and momentum indicator. The channel identifies support and resistance zones and therefore pullbacks and breakouts.
Bullish : When the price is above the channel and the color is green the market has strong upward momentum.
Bearish : When the price trades below the channel and the color is light red, the market has strong downward momentum.
This indicator can be used in two ways:
Pullback : when the trend is up or down and the price returns to the channel, prepare for a potential pullback. We can anticipate the move or wait for the close outside the channel.
Breakout high/low 8 bars : when momentum is strong, especially in the early phase of the trend, it is possible to buy or sell on the breakout of the last 8-bar high or low.
It's important to work in the direction of the medium/long-term trend. In intraday i always like to follow the daily trend with simple rule :
If the price is above the open or the VWAP, only long trades.
If the price is below the open or the VWAP, only short trades.
Happy trading
Antony Famulari
