95# Price Action With Momentum Filter
Linear regression trading
Price Action arrow
Submit by Dimitri
Price Action With Momentum Filter is a trend following price action strategy based
on a price action arrow filtered by the regression line and by a mpomentum indicator (but optional). The strategy is very simple and intuitive, you have to enter the market when the arrow appears in the direction of the trend indicated by the regression line, you can also choose not to enter if the momentum filter does not agree or the arrow appears near or outside the edges of the TMA bands in this case to be interpreted as an overbought and oversold line.
Time frame 15 minutes or higher.
currency pairs: any
Metatrader 4 indicators
Launcher Directional indicator default trading.
Renko Street trend line
Price action barrow
TMA bands (length 61, 2.6, atr period 110)
Ratis filter (period, 4).
Trading rules Price Action With Momentum Filter
Trading only in the direction of the trend
Upward sloping regression
Ratis filter black histogram.
Downward sloping regression
Ratis filter blue histogram.
When the regression line is horizontal, for buy it is necessary to have verified that the price has touched the lower channel of the regression, for sell it is necessary to have verified that the price has touched the upper channel of the regression.
Exit position at opposite signal or whit predetermined profit target.
Examples of trades
Telegram channel: https://t.me/freeforexresources