FNC_ST15
Momentum Signal Indicator for Trading.
Indicator Concepts

• Trade in the direction of strong momentum.
• Enter a trade when momentum picks up.

How to Read the Histogram
Dots on the Zero Line

• Blue color indicates an uptrend. (Message color: Blue)
• Red color indicates a downtrend. (Message color: Red)

Histogram Bars

• The length of the histogram bar indicates trend strength.
• The upper side shows the strength of an uptrend. (Message: WAIT)
• The lower side shows the strength of a downtrend. (Message: WAIT)
• Blue bars are considered a buy signal. (Message: BUY)
• Red bars are considered a sell signal. (Message: SELL)

Dots at the Edge of Histogram Bars

• If before entering a trade, conditions are not yet complete. (Message: WAIT)
• If during a trade, this indicates reversal conditions. (Message: EXIT SIGNAL)
• If already in a trade, consider closing the position.

How to Trade
(Buy Order)

• A blue dot appears on the zero line.
• The histogram bar is blue.
• Trade when the candlestick confirms.
• (Optional) Other supporting conditions.

(Stop Loss - SL)

• Set SL to the most recent low.
• (Optional) Other SL strategy.

(Exit Trade)

• A dot appears at the edge of the histogram bar.
• A red dot appears on the zero line.
• (Optional) Other exit conditions.

Practical Example
(Images attached. The dotted line marks the judgment bar. In practice, enter on the next bar.)
(Sell Order)

• After Tokyo market opens.
• H1 timeframe:
  - Downtrend detected -> Look for sell opportunities.
• M1 timeframe:
  - Wait for a red dot on the zero line.
  - Wait for a red histogram bar.
  - Wait for the candlestick to confirm.
  - If the stop loss feels too far, skip the entry.
  - Enter the trade.

(SL)

• M1 timeframe:
  - Set to the most recent high.

(Exit)

• M1 timeframe:
  - Wait for a dot to appear at the edge of the histogram bar.

Other Notes

• All timeframes.
• All currency pairs/commodities/Other.
• The alert function will be improved in the future.