Hi guys, can anyone recommend to me an indicator that can give me the peak of a price momentum? Or the actual point where a momentum will reverse?
I have used PSAR and Stochastic but it is not helping with what I want to see
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Well you have to take into account the emotional factor in this environment. Every time economic data comes out people panic. What pairs are you trying to trade?
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Hello @odark007
Sounds like your looking for an indicator that signals a reversal.
There are plenty of indicators that attempt to identify when buying or selling power have erroded or when price is in overbought or oversold conditions .
It wont be hard for you to find them just be careful in how you use them and dont rely soley on them.
Good luck to you mate
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These are the pairs that I trade
EURUSD
USDJPY
USDCHF
AUDUSD
EURCHF
Hi mate, no indicator will work 100% of the time therefore you might want to give those a chance as maybe with support and resistance levels you may find its profitable in the long run.
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Yeah, I noticed that the support and resistance level seems to help
Maybe I will just place my tp below it for a buy position.
thanks
What I have learned is that markets can stay overbought or oversold for long periods of time, so profiling the market environment is of utmost importance. For example, if stochastic is flashing an overbought signal but the market is trending, trying to pick a top could lead to much frustration. On the other hand if the market is rangebound, conditions tend to not stay overbought or oversold for very long. Using single indicators in confluence with other tools/indicators can help paint a better picture of current market conditions. Take the recent moves in eur/usd as a prime example [https://www.tradingview.com/x/SRty7ILK/]. In this case momentum being at a peak level turned out to be an indication of trend strength rather than overbought so using another method of determining this condition could have resulted in an attractive trading opportunity. Anyway, thanks for the great question! I love having these discussions because it helps me become a better trader as well. Happy trading! 
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This is what I am trading and looking for and I am still trying the strategy. Does it reflect or continues in the same direction despite indications of the peak I suspect entering the opposite direction in it is a high risk especially if you are scalping stores with a focus on the market environment and economic news influencing to reach the result if you are a swinging trader or Speculators for that determine what type of trader you specify for the formula that you will use with success!
I figure it out, I started using Bill Williams Awesome oscillator
on the Awesome oscillator, from the picture where you see 4, means the colour has changed.
Exit your position.