Momentum Filter Histo
Momentum Filter Histogram or Chinkou Filter Histogram - histogram of the filter impulse or Chinkou
This indicator Momentum more intuitive and easier to use than the classic Momentum indicator.
- Momentum Histo become green = signal to buy
It becomes green when the Momentum crosses the zero line upwards. The intersection of the zero line means that the price of a stock, futures or currency pair changes direction, reaching depression or breaking up the recent highs. This is a bullish signal. - Momentum Histo turns red = sell signal
It becomes red when the Momentum crosses the zero line downwards. Crossing the zero line can mean one of two& futures price, shares or currency pair reached the top and change direction, or that the price has broken through the recent lows. This is a bearish signal. - Momentum Histo becomes white, wait =
It becomes white when Momentum is on zero line.
Councilor parameters:
- Filter_Period = 1 = normal Momentum
- Filter_Period > Filter 1 = Momentum (period moving average)
- Filter_Mode = can select four averages for filtering pulse
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