This indicator display the strength momentum of an instrument.
There are 2 know ways to use this indicator:-
1. The indicator support and resistance tend to be a support and resistance of the instrument, which a price bounce away from the key level is expected. 2. Look for divergence between price and each of the lines in the indicator to detect peak and bottom.
This indicator is aim to provide supporting justification for key level. It should be used as a filter to your existing trading strategy. This indicator should be able to help you filter our low probable entry or exit.
Release Notes
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Add bull bear signal to main line. Green = Bull. Red = Bear.