Chande Momentum Explosion CME v1.0 [loxx]

Chande Momentum Explosion CME v1.0

This is an experimental indicator that transforms Chande Momentum into a Waddah Attar Explosion (WAE) look-a-like to be used in conjunction with WAE, ADXDI, and additional momentum tools for trend identification and trading confluence .

Things to know:
- Noisier than ADXDI and WAE, shows well defined microwaves inside the larger momentum waves of WAE and ADXDI
- Allows trader to see when a trend is weakening; i.e, small bear wave in larger bull macro wave, small bull wave in larger bear macro wave
- Faster oscillations than ADXDI and WAE
- To be used as an initiator or confirmer in a multi-tool momentum trading strategy

How to use:
Longs and Shorts (See above)
- Green arrow up: explosion up, LONG
- Green arrow down: explosion down, SHORT
- Light green arrow up: bull trend
- Light red arrow down: bear trend
- Green X: Exit trend
- Red X: Exit trend

Comment below or send a PM with questions, comments, observations, or concerns.