Trade Central TMV Indicator

T-M-V indicator uses combination of Trend, Momentum and Volume to determine the best time to go long or short on a security. As usual, there is no complex configuration required to use it. In fact, there is nothing to configure at all. Having said that, T-M-V indicator uses more than 10 indicators to identify entries based on Trend, Momentum and Volume signals.

In our observations, combining this with pivot points improves performance. You can use this on any timeframe though we recommend this system for intraday usage (5m/15m/30m).

Rules for going LONG

• Go long on green candle high break by next candle. Wait for candle to complete before taking a position.
  
• Exit when you see an orange candle. Wait for the candle to complete before exiting and if the candle color is not orange at closing then stay in position.
  
• Always have a worst case SL in mind where you'll exit irrespective of whether you see exit signal (orange candle) or not. It could be signal candle low, previous swing low break or any other logical SL that you typically use.
  

Rules for going SHORT

• Go short on red candle low break by next candle. Wait for candle to complete before taking a position.
  
• Exit when you see an orange candle. Wait for the candle to complete before exiting and if the candle color is not orange at closing then stay in position.
  
• Always have a worst case SL in mind where you'll exit irrespective of whether you see exit signal (orange candle) or not. It could be signal candle high, previous swing high break or any other logical SL that you typically use.
  

Disclaimer: Use this indicator at your own risk. We have backtested this only for select securities and for a short period of time. We are forward testing this currently on index futures and will share the data once we have at least 30 days data.