Momentum Play

TATA POWER CO LTDNSE

Beskrivning

⋅ 25 mar 2023 10:46

Traders always need a confirmation of momentum in price action to ride the swings.
Momentum Play Indicator consists of the below:

Bullish Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above 5 candle high
3) RSI above 60
4) Volume above 5 candles avg. volume
5) ADX above 20

Bearish Conditions :
1)EMA 8 below EMA 34 and falling
2)Candle close below 5 candle low
3) RSI below 40
4) Volume above 5 candles avg. volume
5) ADX above 20

Traders can change the inputs as per their liking to adjust as per their comfortable timeframe.
Credits: Special Thanks to Mr. DTBHAT for sharing the above conditions.

Kommentarer

shivanjalikn

⋅ 13 maj 2023 12:44

very nice script bro.thanks

jack-tamara

⋅ 8 apr 2023 15:46

Thanks Bro for sharing.

sirdisaai

⋅ 27 mar 2023 04:40

Wow, nice

aloksaha61

⋅ 25 mar 2023 17:09

Nice , learning

devinder741

⋅ 25 mar 2023 17:00

Great indiacator

Mer