Momentum Indicators are a great tool for picking up changes in an underlying trend. Momentum indicators are used in all forms of trading, but are particularly popular in forex trading. They are also particularly useful for determining when an existing uptrend or a downtrend is likely to continue.
The Williams Percentage Range (%R) indicator is a momentum indicator that helps to identify overbought and oversold conditions in a market that isn’t trending. It is named after its developer, Larry Williams who is a famous futures trader. Play video >>
The Momentum indicator is an indicator that calculates the value price shifts during a specific period of time, often defined as “X” candles. One of the things that make it a little unusual, Momentum is used as a leading indicator. Play video >>
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