Momemtum Leader
How can we identify and trade reliable measures of momentum? Just like in algorithmic momentum trading, we require advanced signal processing to eliminate selection bias. Is it a good time enter a trend? Is the trend exhausting? Is there power for continuation? The strongest suite of MarketSpy Momentum Screener X™ is its ability to reduce noise and produce much cleaner signals. We achieve this by identifying certain levels of confluence from MSX's expertly-tuned indicators. The sauce is in the strategy and interpretation.
MarketSpy MSX combines a number of refined momentum indicators to set the stage for a strategy we call The Magnificent 7 or MAG7, for short. This strategy completely neglects traditional ways of using momentum indicators, such as RSI, Awesome Oscillator, Wave Trend and similar by introducing fresh concepts to retail and professional traders about how momentum should be properly interpreted during live trading sessions.
MSX employs a very simple, advanced method of smoothing out noise to print continuation signals based on 7 stages of momentum strength development.