Momentum Technical Analysis & Momentum Oscillator Indicator Signals
The momentum indicator uses math equations to calculate line of plotting. Momentum measures the velocity with which price changes. This is calculated as the difference between the ruling stock price candle and the average trading price of a chosen number of price bars ago.
Momentum represents the rate of change of the price over the particular time periods. The faster that prices rises, the larger the increase in momentum. The faster that prices decline, the larger the decrease in momentum.
As the price movement begins to slowdown the momentum also will begin to slowdown and return to a median zone.
Momentum
Technical Analysis & How to Generate Signals
This indicator is used to generate technical buy and sell signals. The 3 most common techniques of generating signals used in indices trading are:
Zero Centerline Trading Cross Overs Stock Signals:
- A buy trade signal gets generated when Momentum crosses above the zero mark
- A sell trade signal gets generated when Momentum crosses below zero mark
Over-bought/Oversold Levels:
Momentum is used as an overbought/oversold indicator, to identify potential overbought and over-sold levels based on previous readings: the previous high or low of the momentum is used to determine the overbought & over-sold levels.
- Readings above the overbought level mean indices is overbought and a price correction is pending
- While readings below the oversold level the price is oversold & a price rally is pending.
Trend Line Break Outs:
Trend Lines can be drawn on the Momentum trading indicator connecting the peaks & troughs. Momentum begins to turn before trading price therefore making it a leading indicator.
- Bullish reversal - Momentum readings breaking above a downward trend line warns of a possible bullish reversal signal setup while
- Bearish reversal - momentum readings breaking below an upward trend line warns of a possible bearish reversal.
Technical Analysis in Indices Trading
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