Mitimom
- Indicators
- Danil Poletavkin
- Version: 1.1
- Updated: 23 May 2024
The indicator is based on Robert Miner's methodology described in his book "High probability trading strategies" and displays signals along with momentum of 2 timeframes. A Stochastic oscillator is used as a momentum indicator.
The settings speak for themselves
- period_1 is the current timeframe, 'current'
- period_2 is indicated - the senior timeframe is 4 or 5 times larger than the current one. For example, if the current one is 5 minutes, then the older one will be 20 minutes
- The rest of the settings are the settings of the Stochastic Oscillator
Please remember that the indicator is not a trading system, it is only an auxiliary tool. You can read more about the trading system in which this indicator can be included in the book by Robert Miner