What we are hoping to accomplish is by looking at the momentum, we can identify a divergence with price and then use the moving averages to validate the trade signal. Also below the chart, we have added a momentum indicator. On the chart, we are displaying two moving averages – SMA 50 (red) and DMA 50, -10 (magenta).At each step we feed back the new EMA to combine with the latest P to generate a new new EMA. The new EMA is a combination of the old EMA and the new P.
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