fbpx

WaveTrend Momentum (Expo) is a fast-moving, sensitive oscillator with a momentum layer that reacts quickly to price changes. The indicator displays how strong the current price move is and where momentum starts and stalls. The indicator has inbuilt suggested exit points.

  • The height of the histogram represents how strong the current price move is.
  • The momentum is visualized with bold circles- and darker histogram colors.
  • The suggested exit point is visualized with a circle.

DIVERGENCES
All types of momentum oscillator indicators produce divergences and so does WaveTrend Momentum (Expo). Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high.

  • The indicator can be used standalone or as a part of your current trading strategy.

HOW TO USE

1. Use the indicator to identify potential turning points.
2. Use the indicator to identify where momentum starts and stalls.
3. Use the indicator to identify the direction of the trend.
4. Use the indicator to find divergences.
5. Use the indicator to identify potential exits.

 

Subscribe to our membership

TRY IT YOURSELF!

Access the WaveTrend Momentum Indicator on TradingView

ACCESS THE INDICATOR ON TRADINGVIEW!

“Boost” the script and add it to your FavoritesWOW! Please leave a comment if you like it!