Description:
If you're diving into the world of trading, you might want to check out the Price Momentum Oscillator (PMO). In a recent article from the August 2020 edition of TASC, author Vitali Apirine revisits the DecisionPoint PMO, which was originally crafted by Carl Swenlin. Apirine presents a fresh perspective on how to leverage this indicator to compare the relative momentum of different securities.
This is the PMO indicator:
Recommendations:
- Look for trading signals through various methods such as momentum shifts, signal line interactions, and crossovers with the zero line.
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