In forex education, the momentum indicator is considered extremely important and useful. In this article, we will examine all the possibilities who offers in forex trading and how we should use it.
The momentum indicator, according to forex education is an oscillator. His line moves above or below "100". When indicators line reaches maximum or minimum values, the price is in overbought or oversold condition.
Traders use the indicator in order to identify overbought and oversold conditions and the power of the trend. Momentum indicator can show the trend direction and at the same time can compare the current price from the past prices. In this way can measure how quickly the price is changing.
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