The iAnchMom is a client side VTL indicator (Anchored Momentum) used for determining trending markets. It exhibits slope when the price starts moving (either upwards or downwards) and hence provides a good signal for taking trend based trades.
The indicator is calculated by dividing the shorter term Exponential Moving Average (EMA_PERIOD), by the longer term Simple Moving Average (MOM_PERIOD). This value is expressed as percentage and subtracted from 100.
BUY - Enter BUY when the indicator value has reached negative extreme and is rising gradually.
SELL - Enter SELL when the indicator value has reached positive extreme and is falling gradually.
The indicator is calculated by dividing the shorter term Exponential Moving Average (EMA_PERIOD), by the longer term Simple Moving Average (MOM_PERIOD). This value is expressed as percentage and subtracted from 100.
BUY - Enter BUY when the indicator value has reached negative extreme and is rising gradually.
SELL - Enter SELL when the indicator value has reached positive extreme and is falling gradually.
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