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The Oscillator shows us the direction of the market momentum along with the strength of the market momentum.
When the Oscillator is above the zero line and green, the momentum is up and accelerating. When the Oscillator is above the zero line and red, the momentum is up but weakening.
When the Oscillator is below the zero line and red, the momentum is down and accelerating. When the Oscillator is below the zero line and green, the momentum is down but weakening.
The Oscillator let's you see a fined-tuned view of market momentum.
[IMG]http://www.turnsignal.biz/ind/04.gif[/IMG]
When the Oscillator is above the zero line and green, the momentum is up and accelerating. When the Oscillator is above the zero line and red, the momentum is up but weakening.
When the Oscillator is below the zero line and red, the momentum is down and accelerating. When the Oscillator is below the zero line and green, the momentum is down but weakening.
The Oscillator let's you see a fined-tuned view of market momentum.
[IMG]http://www.turnsignal.biz/ind/04.gif[/IMG]