Momentum strategy based on early trend detection indicator. It oscillates in the range [-1;1]. Negative values correspond to downtrend, positive to uptrend.
Values closer to 0 correspond to noise. You can set threshold values for long/short entry and exit.
But like any other momentum indicator use it along with extra filters to confirm entry and exit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.