This indicator monitors CCI and ADX forex trading indicators and oscillators multiple time frames to give you a sense of a trend and its direction. Green color – the trend is up, red – down, blue – ranging.
90 degree arrow – a strong trend in place. The squiggly lines represent a range – no trend. CCI periods for all time frames. How do you figure out which CCI periods are the right ones to use? First you look at CCI on the higher time frames, I’d suggest CCI 14 for 1H and 4H.
63-day exponential moving average used as a trend filter. Mouse over chart captions to display trading signals. Buy and Sell Signals The shorter-term oscillator can also be used to generate buy and sell signals in a similar fashion to other momentum oscillators. First, identify the trend direction using a trend indicator. Twiggs Momentum Oscillator tends to stay above zero during an up-trend and below zero during a down-trend.
Only take signals in the direction of the trend. In an up-trend, go long if Twiggs Momentum Oscillator turns upwards when below zero. In a down-trend, go short if Twiggs Momentum Oscillator turns downward when above zero. Use trailing buy and sell stops to time your entry and exit. Take profits on divergences and trend line breaks. Trend lines can also be drawn on Twiggs Momentum Oscillator. A break in the trend line often occurs in advance of a similar break on the price chart.