This Forex indicator is based on Chande Momentum Oscillator (CMO). Chande Momentum Oscillator Strategy is based on CMO_v1 which I believe is an updated version of CMO. You can have different settings for Chande Momentum Oscillator Strategy. Default length is 14. But as you know I’m very interested in using lower lengths or lover periods. As we go along with this system you can see why I chose the lower length. 90% of the time we introduce Binary Options Indicators for you. But it can be used for Forex too. The Only thing you have to do is change the settings accordingly.
Chande Momentum Oscillator Strategy
I think you already know the rules just by looking at the chart because I used the same technique in previous articles. If you are new to this website I recommend you to start reading from the beginning.