Let The Momentum Play

So I went down the path of exploring the momentum checkmark flag.

I applied a 30-SMA filter & used the idea given from 2 posts back to come up with some targets.

The results seem certainly surprising.

   if (RSI2[i]>84 && (RSI2[i+2]<12.5 || RSI2[i+3]<12.5) && Close[i]>iMA(symbol,0,30,0,MODE_SMA,PRICE_MEDIAN,i) && Close[i+2]<iMA(symbol,0,30,0,MODE_SMA,PRICE_MEDIAN,i+2)){
      ObjectCreate("PitusX"+IntegerToString(i),OBJ_VLINE,0, Time[i], 0);
      ObjectSet("PitusX"+IntegerToString(i), OBJPROP_COLOR, clrLimeGreen );
      ObjectSet("PitusX"+IntegerToString(i), OBJPROP_WIDTH, 4 );
      ObjectSet("PitusX"+IntegerToString(i), OBJPROP_STYLE, 2 );
      ObjectSet("PitusX"+IntegerToString(i), OBJPROP_BACK, 1 );
        ObjectCreate("Pitusi"+DoubleToStr(i), OBJ_TEXT, 0, Time[i+1],iBands(symbol,0,216,2.5,0,PRICE_MEDIAN,MODE_UPPER,i)+140*Point);
        ObjectSetText("Pitusi"+DoubleToStr(i), "[->"+DoubleToStr(NormalizeDouble(iBands(symbol,0,216,2.5,0,PRICE_MEDIAN,MODE_UPPER,i)+50*Point,4),4), 22, "Impact", clrGreen); 

There were a couple more things that occupy my mind, such as acknowledging the market in the era of overwhelming CTA presence, risk off taper, framework to follow. The market is evolving, so should you.

The 2 weeks is up for the allowance of the Echo.

A retun to the weekly S2 would mean low 1.06xx