Bernhard, may i ask 2 conjunct question about your indicator and trading system.
A whole market consists of 28 currency pairs and not all of them are trending of flatting simultaneously. For example EURUSD is trending while GBPCHF in flat at the same time and TF. How can we apply momentum market indicator to any currency pair in this conditions? Imho it cannt be universal.
I think it will be better at first to define the best double gap cuurency pair for placing the trade and next step to open its separate chart with ordinary momentum indicator.
BR, alex.
- I know ordinary momentum indicator for one cuurency pair and understand how it works. But i hardly imagine this indicator for all 28 currency pairs. Is it average arithmetical mean or something else? How is it calculated if it is not a secret?
- Your post:
Disliked{quote} Second hint: this is not about the 2 currency's mentioned but about the market as a whole. The market momentum* is rising as long a trend it supported. When the trend weakens or reverse the market momentum drops in the beginning. *the gray dashed line {image} {image}Ignored
I think it will be better at first to define the best double gap cuurency pair for placing the trade and next step to open its separate chart with ordinary momentum indicator.
BR, alex.
BR, alex