Momentum and RCI strongly support buying on dips and selling on rallies with the indicator 【R2MOM】
An Indicator that Strongly Supports Buy-the-Dip and Sell-the-Rally with Momentum and RCI【R2MOM】
https://www.gogojungle.co.jp/tools/indicators/26003
The concept of this arrow indicator is to determine the medium- to long-term trend with two RCIs, and to determine the short-term trend with momentum to time entries.
※ This is an indicator with no repaint.
※ You can use it with your preferred settings.
※ Please note that this indicator does not include an indicator that displays Momentum or RCI.
(Momentum is standardly included in MT4.)
In the figure below, Momentum and RCI are shown for convenience of explanation, but in reality, even if you install this indicator, Momentum and RCI will not be displayed.
Examples of signals for 【R2MOM】
An Indicator that Strongly Supports Buy-the-Dip and Sell-the-Rally with Momentum and RCI【R2MOM】
https://www.gogojungle.co.jp/tools/indicators/26003