The Momentum Elder

Indicators:

• EMA (19, close)

• Momentum (18, close, 100)

Key conditions: the timeframe should be at least H1.

BUY conditions (all conditions must be met): closing above EMA (19) and Momentum crosses the 100 level from below to above.

SELL conditions (all conditions must be met): closing below EMA (19) and Momentum crosses the 100 level from above to below.

Exit criteria: exit the trade when the Momentum line turns or crosses the 100 level.

Exercise:

Open a chart with a timeframe of H1 or higher. apply the EMA indicator with a period of 19 using the close price. Add the Momentum indicator with settings (18, close, 100).

Look for a BUY signal when the price closes above the EMA (19) and the Momentum indicator crosses above the 100 level from below. Enter a long position on the next bar and set a stop-loss below the recent swing low. monitor the trade and exit when the Momentum line turns direction or crosses below the 100 level.

Repeat the process for a SELL signal by identifying a close below the EMA (19) and a Momentum crossover below the 100 level.