Momentum indicator Preti
Class: volatility
Trading type: intraday trading
Time frame: 5 min -1 day
Purpose: momentum trading
Level of aggressiveness: standard
“Preti Momentum Indicator” is based on price patterns detection after abnormal price changes. One of the patterns based on abnormal returns is as follows: after an abnormally strong rise / fall in price short-term momentum movement appears.
This indicator, using a specialized statistical technics, identifies moments of abnormal returns and generates trading signals based on momentum effect.
“Preti Momentum Indicator” displays buy / sell signals directly on the chart, which makes it very easy to understand and used even for beginners in trading and technical analysis.
Parameters of the indicator
To configure the indicator, the following parameters are provided:
- Period (default value is 21) - period of indicator. It is used to define normal returns.
- Dev (default value - 1) – Is used to detect abnormal returns. It defines levels of aggressiveness in trading signals. The bigger the value is the more conservative signals are generated
Rules of trading
The rules of trading are extremely easy. The appearance of a “sell” (sell signal) and “buy” (buy signal) on the chart is a signal to open appropriate position.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Trade24Fx directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Trade24Fx directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ