2/18/2024 0 Comments Squeeze momentum indicator![]() ![]() It is the time to buy and make an entry into the market. The bright green color is an indication of a bullish trend. If the value is below zero, it is a good time to take a short position. Entry and Exitįor a long position, I recommend trading above the zero value. We can divide it into three following steps. The trading strategy around the SM indicator is very basic and easy to understand. You can also change the color of the histogram according to your choice. FunctionĪ trader can change these settings according to the strategy and trading experience. The best setting for the SM indicator is as follows. When the prices fall below zero, it is a bearish divergence. As the prices move above zero, it is a bullish divergence. If the histogram bars are near the zero value, the market is solidified. When the market is near the value of zero, it means that the price of security is at an average level. It tells us that soon the number of buyers will take over the number of sellers. The bears are losing their strength, and soon the bulls will take control of the market. The dark-red color tells us the market is facing a bullish reversal period.The market is facing a bearish trend, and the number of sellers is dominating the market. It tells a trader that bears are gaining control of the market. ![]()
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