I have a very simple x-len momentum strategy that trades on CL (1 hr bar). The performance has positive for the past 5 years. But what has been negatively impacting the performance is sometimes the momentum indicator flip-flop between positive and negative and lead the buy and sell every bar for a couple of hrs....
What is the best secondary indicator that can help slow down the sensitivity of my momentum indicator?
The following user says Thank You to my2108 for this post:
I recommend to use price confirmation. If the indicator produced a buy signal, get into the trade on a BUY STOP if it breaks a certain high/ price confirmation, that will probably be the best filter for the "noise"
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