TheBulltrader

EurUsd Momentum Heiken Ashi

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EURUSD             Monthly and Weekly indicator that measures the slope between open and close.

***Works best on Heiken Ashi-as it smooths out the lines.
-In essence, it is the same thing as Heiken Ashi but gives a better visual for entry beside "the candle is red so I should sell"

-Method For Entry:
**Look for a Higher Low to --->buy at indicator >=0
**Look for Lower High to ----->sell at indicator <=0
**Look at Heiken Ashi candle with support and resistance zones
**Draw trend-lines such as channels, pennants, etc..

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study(title="Momentum", shorttitle="MO", overlay =false)
x=security(tickerid,'D',high)
y=security(tickerid,'D',low)
z=security(tickerid,'D',close)

line=0
plot(line,color=green)
theta=asin((close-open))
a=iff(theta>=.0001,.0001,0)
plot(theta)


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