Goby Momentum
- 指标
- Tiofelo Da Olga Gilbert Teles
- 版本: 1.400
- 更新: 16 七月 2024
- 激活: 20
1.CONSTITUTION
Goby Momentum is a momentum indicator based on the Stoch. It consists of two momentum oscillators (Waterfall and Goby) and three floating levels (upper, middler, lower). The inputs can be used to adjust the oscillator period, the dynamic bands and their levels, and the alert signals. It is designed for the MT5 platform only.
2.OPERATION CONDITIONS
This indicator detects the exhaustion of correction movements within a trend, thus giving entry points for new trades.
Buy signal:
- When the Waterfall [thick line] is above the upper band.
-
Goby [dotted line] crosses the upper band. [we use the crossing in the upper band to avoid false signals].
Sell signal:
- When the Waterfall [thick line] is below the lower band.
-
Goby [dotted line] crosses the lower band. [We use the crossing in the lower band to avoid false signals].
This operation can be adjusted by inputs according to the trading style of each trader.
3. RECOMMENDED ASSETS TO TRADE
Generally, we use this indicator on the RENKO CHART for SCALP TRADES. [Step Index; Step Index 200, Step Index 500; Multi Step 2 Index and Multi Step 4 Index]