Author:
Vladimir Kravchuk "New Adaptive Method of Following the Tendency and Market Cycles"
If you're looking to sharpen your trading strategy, the Fast Trend Line Momentum (FTLM) and Slow Trend Line Momentum (STLM) indicators are game changers. These tools measure the rate of price changes and operate similarly to the Momentum indicator. Here’s how they work:
FTLM(bar) = FATL(bar) – RFTL(bar)
STLM(bar) = SATL(bar) – RSTL(bar)
Where:
- FATL(bar) - FATL digital filter;
- RFTL(bar) - RFTL digital filter;
- SATL(bar) - SATL digital filter;
- RSTL(bar) - RSTL digital filter;
Coefficients of FATL and RFTL digital filters
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Coefficients of SATL and RSTL digital filters
What sets FTLM apart from the traditional Momentum indicator is its use of close prices that have been processed through digital filters, rather than just using raw close prices. This results in a smoother and more consistent FTLM, making it a more reliable tool than the classic Momentum indicator.
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