Here are three of the recent calls by my DBT MoMo indicator on XBTUSD Hourly time interval.
I have found that the hourly is one of the strongest intervals for the MoMo, but it is not time sensitive so you can use it on any time frame.
The yellow and purple shading indicates tops and bottoms incoming when you are in a ranging market. In a trending market you will have to use these signals with some discretion. If a strong trend is present it will call for tops and bottoms for quite some time before the top or bottom is finally found. To combat this you want to wait for both the slow line and the fast line to leave their respective zones of extension.
If you would like to find out how to gain access to my indicators please private message me.
I have found that the hourly is one of the strongest intervals for the MoMo, but it is not time sensitive so you can use it on any time frame.
The yellow and purple shading indicates tops and bottoms incoming when you are in a ranging market. In a trending market you will have to use these signals with some discretion. If a strong trend is present it will call for tops and bottoms for quite some time before the top or bottom is finally found. To combat this you want to wait for both the slow line and the fast line to leave their respective zones of extension.
If you would like to find out how to gain access to my indicators please private message me.