This Indicator’s purpose is to detect when the market increases or decreases momentum.
Momentum simply explains when the market starts trending stronger in its current trend.
How it works
When the market is trending upwards and the momentum starts increasing the bar color changes to blue. If the state is blue and the momentum increases more the bar color changes to green. When it decreases it changes back to blue and when it ceases the bar color changes back to normal.
If the market is trending downwards and the momentum starts increasing the bar color changes to yellow. When the momentum increases more the bar color changes to pink. Should it decrease it changes back to yellow and finally when it ceases it changes color back to normal.
Entries and Exits:
You can generally enter the market when the momentum increases and exit when it decreases. This Indicator is most effective when used in conjunction with other Indicators.