Simple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement
First Channel:
70, High
70, Low
70, Close
Second Channel:
144, High
144, Low
144, Close
Momentum: 34
ADX: 14, 20
To use this strategy please refer to link related to previous post.
The SMA 144 channel is used to determine the strength of a trend. Kind of like Bollinger Bands, the 144 will move farther or closer to the 70 depending on the strength of the trend. It's goo to tell you if you have incoming consolidation.
First Channel:
70, High
70, Low
70, Close
Second Channel:
144, High
144, Low
144, Close
Momentum: 34
ADX: 14, 20
To use this strategy please refer to link related to previous post.
The SMA 144 channel is used to determine the strength of a trend. Kind of like Bollinger Bands, the 144 will move farther or closer to the 70 depending on the strength of the trend. It's goo to tell you if you have incoming consolidation.
