Rm & Am strategy

2022년 5월 29일

A combination of Relative Momentum indicator
and Absolute Momentum Indicator .

Relative Momentum is a measure of relative strength of a script compared to index or other scripts
Absolute momentum is a measure of its own strength compared with its value n periods before...

I use a combination of 2 absolute momentum lines of 10 & 21 ...or 21 & 52 based on my requirement + 1 relative momentum indicator with Nifty index as default comparative symbol.

One example how I use this indicator is

for Intraday ... 2 Absolute mementum indicators of 10 & 21 ... both should be in same direction.. and the closer they are the stronger the signal.

for swing & positional , I include 1 relative momentum along with 2 absolute momentum...

Also ,the strong signal can be validated when the candle is bullish , no near by supply zone or the candle is at demand zone .

Explore the indicator ,its your imagination & innovation.

Often u can even catch the extreme bottom.

Mix this with my Rsi crossover cardwell ranges indicator for best results.