Using the Momentum indicator

I have been evaluating the use of the Momentum indicator on a Daily chart the past few weeks. It has some good uses in my opinion, and one such use is in finding divergences that are occurring with price.

For an example, I bring you the Daily chart of $FIRE:

Notice how the Momentum Indicator makes a lower high as priced moved up to the peak in the beginning of September.

3 thoughts on “Using the Momentum indicator

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