Sunday, October 5, 2014

Custom Momentum Oscillator


Works great on a Strong Trending Stock.

Find the real oversold / overbought condition for bounce.


This is not a holy grail, but filters, there are times this will not work


Don't Take the signals during a Choppy Market.

For Beginners, What is a Strong Trend?

Is the 8, 13, 21, 34, 55, 89 All Stacked on each other?

Is the Price chopping the EMAs too much?
More Importantly 35, 55, 89 EMA

Link to UCS_Oscillator - https://www.tradingview.com/v/orUtudp2/

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GL.

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