Dual Average Momentum with Supertrend Filter

2023년 9월 3일

Video with Explanations and Backtest: Dual Average Momentum Tutorial
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Best Exchange to Trade with This Indicator: Bitflex Exclusive Bonus

The "Dual Average Momentum Indicator with Supertrend Filter" offers traders a sophisticated tool to capture both short and long-term trading signals. Central to this indicator is the Dual Average Momentum principle, designed to detect shifts in market momentum over different timeframes. This allows traders to spot both immediate and more sustained trading opportunities.

One of the standout features of this indicator is the integration of the Supertrend methodology. The Supertrend serves as an advanced filter, adept at refining the signals produced by the Dual Average Momentum. This combination drastically reduces the occurrence of false signals, providing a more accurate depiction of genuine trend shifts.

Complementing this is the inclusion of the 200-period EMA, a widely recognized metric in defining broader market direction. It gives an added layer of confirmation to the trends identified by the primary components of the indicator.

In essence, this indicator provides traders with a robust mechanism to capitalize on market movements, be they short spurts or prolonged trends, with the Supertrend filter acting as a crucial gatekeeper against potential false positives.

Disclaimer:

This tool is provided for informational and educational uses only. It should not be seen as financial advice. Before making any trading decisions, consult with a professional financial advisor. The author is not responsible for any losses incurred due to the use of this indicator. Always perform your own research and exercise caution when trading. I might make a comission from the affiliate links posted above but it won't cost you any extra.

2024년 1월 20일

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Update: Added Alerts for Buy/Sell Signals