Anchored Momentum Indicator
Platform: MT4 Type: Momentum Last update: September 25, 2024The Anchored Momentum Indicator is a forex oscillator providing short and medium-term trend bias and dominating market direction. You should consider that gauge as a good supplier for your strategy, but it rather should not be used as a standalone trading tool.
Closer look on the Anchored Momentum Indicator
The 0.00 level is a neutral level that defines trend bias. The blue oscillator line above the 0.00 level suggests a positive trend bias, while below the 0.00 level, a negative one. You should also pay attention to the slope of the oscillator line – when it’s leaning, the momentum is strong. Conversely, when the slop is more flat, it’s probably getting exhausted.
Buy Signal
A potential buy trade occurs when the blue line crosses above the level 0. For trade confirmation, we suggest using it with some other technical analysis tool. Take a look at the long trade plain example:
Sell Signal
A potential sell trade occurs when the blue line crosses below the level 0. For trade confirmation, we suggest using it with some other technical analysis tool. Take a look at the short trade plain example:
