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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

oiltradingroom.com

  #16 (permalink)

Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: Tradovate, Jigsaw Tools
Favorite Futures: US Treasuries
 
matthew28's Avatar
 
Posts: 487 since Sep 2013
Thanks: 724 given, 636 received

Wow, $349 for something that looks like an RSI indicator that you will find for free on most platforms. He says one of the best uses for the Smart Momentum Indicator is for divergence which he demonstrates. RSI can be good if used that way too. I bet if you plotted an RSI next to that indicator they probably wouldn't plot exactly the same (the highs and lows, ignoring the numerical value), but after a week of use you would have a similar percentage of times when RSI divergence to price would have produced a good buy or sell indication as you would have done with the other indicator.

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