%% Exactly; but some help a lot with probabilities..............................................................I neVer could find a use for MACD, but each to his own.,
does the op substitute the term 'Mom.' to stand in for MACD in the question - CCI or 'Mom.'? "For the people who have used both CCI and Mom., which would you prefer? They are both momentum indicators and show roughly the same data, but are obviously different formulas. Any opinions matter, but if you have experience with both then let me know your thoughts. (I know there are other momentum indicators, but for my own research and backtesting I would just like to know between these specific two, thanks!) ((If it matters to you, this is for Forex primarily))"
The Commodity Channel Index (CCI), the Momentum and the ATR Indicator. https://www.colibritrader.com/three-less-known-trading-indicators-every-trader-know/ .
%% MACD, which includes a shorter moving average; has a momo measure in that moving average[ema]. Don't know if any of that helps Forex.
As you can see, there are 2 winners and 1 loser, but the losing trade looks larger than both winning trades combined.
mr syswizard, here's what one looks like, lol fwiw https://www.marketbeat.com/financial-terms/what-is-stochastic-momentum-index/
mr syswizard I do not know, but here's a start. https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-9#post-5003077