Babypips trend momentum indicator

Anyone else finds babypips trend momentum indicator interesting…?? :smiley:

1 Like

Where are you reading about this indicator? I wouldn’t mind taking a look.

1 Like

Its a market milk tool… currency strength category…

1 Like

Oh marketmilk, I thought you meant like a MT4 or Tradingview indicator, My bad!

1 Like

Its chill… i meant market milk tool… i feel its very useful to some extent…

I like the currency strength meter. I’ll jump through the different time frames to see if the strongest and weakest stays relatively the same between like the daily and lower TFs. And then start looking for a trade after that if a pair stays in the same place.

Do you look for anything specific on that momentum indicator? Like a very bullish currency matched up with a very bearish currency?

U literally change time frames on market milk currency strength meter then look at the currency strength meter to see if the time frames corresponds before you take a trade yeah?

Yeah…Exactly…

Ooh this one!

Thanks for pointing it out!

Here’s the link for anyone interested:

You welcome…what time frame will you use with the trend momentum tool?

Prob 1D / Real time or maybe the last closed… Which one do you use?

can this actully spot momentum? cuz im a momentum trader i would be interested

I use 1day for swing trades and 4hr for intraday, both set to real time…

2 Likes

Yeah for sure… check out the tool for urslf…

And then from there what do you do? If any currency is very bearish do you look at those currency pairs more closely and then sell/buy based on that data?

Yeah…after that i head to my mt5 where i have my setup then buy or sell according to that data obtained from the tool…

1 Like

If a currency is very bullish or bearish on the trend momentum category i work with that specifically, i proceed to comfirm the best trend by using moving averages category on market milk to validate the best trend associated with the currency before proceeding to my setup for entries…

Which section is this one in particular? Do you have a link or screenshot?

1 Like

Yea, I get an idea of overall trend this way, and then get in closer with a lower TF. 1hr or 4hr and daily is where I tend to stay. But I’m a noob, so.

1 Like