Trend Following Indicators, Free Forex Indicators (MT4)

DSS Averages of Momentum

DSS Averages of Momentum brings an astonishing Forex trading solution on the basis of the market momentums and trends.

It’s a simpler way to demonstrate the signals at the chart and a great level of accuracy in signaling operation has led it to be one of the best Forex momentum indicators around the market.

DSS Averages of Momentum is quite easier to read and understand so that even newbie traders can be benefited from it. Besides, you’ll be able to use it to trade any Forex currency pair, and fits great with all sorts of timeframe charts.

DSS Averages of Momentum Overview

After the installation of the DSS Averages of Momentum at your Forex MT4 platform, your trading chart should appear like the following image:

DSS Averages of Momentum

DSS Averages of Momentum uses a separate indicator window to demonstrate the momentum-based trade signals. The fast MA (green dotted line) crosses and holds above the slow MA signals the bullish crossover with buy signals.

On a contrary, the fast MA moves below the slow MA will be considered as a sell signal along with the bearish crossover. It is a stand-alone indicator that doesn’t need other indicators to confirm the current market momentum. It alone does all the analysis tasks for its users.

Also Read: RoboForex Review

DSS Averages of Momentum: Buy Parameters

DSS Averages of Momentum Buy Parameters
  • DSS Average of Momentum plots a bullish crossover
  • A bullish bar forms at the same time
  • Buy triggers at the break of the respective bullish bar
  • Set stop loss below the signaling bar’s low
  • Exit long/take profit whenever the indicator plots a bearish crossover

DSS Averages of Momentum: Sell Parameters

DSS Averages of Momentum Sell Parameters
  • DSS Average of Momentum plots a bearish crossover
  • A bearish bar forms at the same time
  • Sell triggers at the break of the respective bearish bar’s low
  • Set stop loss above the signaling bar’s high
  • Exit short/take profit whenever the indicator plots a bullish crossover

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.