Ghosty's Moves of Momentum
This is a fairly simple indicator with good results when when paired with an extra confirmation indicator.
You have two ways you can trade this indy.
The first is to wait for a cross over, over the center line, which would be the more conservative way , but safer trades imo.
The other way to trade this is to use it as an early entry using the lines on either positive or negative side of the histo. The red line is an extra confirmation as that, or it can serve as pullback indicator.
you will notice you will have the cross of the red line, and then it will go back to going in the previous direction. The red signal line will show you that.
I suggest using this on a 15 min time frame or higher, preferably higher.
You have two ways you can trade this indy.
The first is to wait for a cross over, over the center line, which would be the more conservative way , but safer trades imo.
The other way to trade this is to use it as an early entry using the lines on either positive or negative side of the histo. The red line is an extra confirmation as that, or it can serve as pullback indicator.
you will notice you will have the cross of the red line, and then it will go back to going in the previous direction. The red signal line will show you that.
I suggest using this on a 15 min time frame or higher, preferably higher.