Forex Momentum Indicators

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Only the number of bars for calculation is specified in standard parameters — 14 forex risk management considered as optimum and also the color scheme for lines. We have made the USD and JPY thicker than the others as those currencies drive the Forex market and have the most commonly tradable crosses. After a point of the breakthrough of borders, the direction of acceleration of the market will change on the return. As it is not our indicator and we can no longer offer support — please use the information on this page as information. The higher above the indicator moves; the more overbought momentum is considered to be. The momentum is considered zero if the prices move in the narrow range at one level. First you can see where the indicator has moved down to the 30 threshold suggesting momentum is overstretched to the downside, before reversing higher, and then shortly after as price moves higher you can see that the indicator moves into overbought territory suggesting that price is overstretched to the topside, before price reverses lower. This resulted in a great pip trend.

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