We present to your attention the T3_iAnchMom indicator which task is to give a good point of entry by means of a signal divergence. It is placed in the section Indicators - Divergence
at chart it looks as following:
Settings of the indicator:
EMA period – the period of exponential moving average.
MomPeriod – the period, the standard Momentum'a parameter
CountsBars - the parameter setting quantity of the candles considered in case of calculation
It is possible to trade on this indicator like that:
1. To buy if the line of the indicator crosses the zero line from below up and to sell in case of the return signal, as shown at the pic below:
2. To enter the market after receipt of a signal of divergence.
For filtering entrances together with the T3_iAnchMom indicator, it is possible to use the trend indicator. We wish you high profit.