Here's another Linda Raschke indicator
Momentum Pinball,
This strategy is based on the 3-period RSI of the 1-period ROC.
(My note: LBR stated that she used the 2-period ROC).
I found in TradingView.https://www.tradingview.com/script/fBpVB1ez-Momentum-Pinball-Indicator/
mod note:
Momentum Pinball,
- when you get a buy/sell signal,
- wait for the next day
- enter on the high or low of the first hour (depending on the signal)
- and place a stop in the low/high of the first hour.
- If the day you get filled closes profitable
- you can decide to close the trade by the end of the day or
- hold overnight (if there was a considerable move)
- and exit the following morning.
This strategy is based on the 3-period RSI of the 1-period ROC.
(My note: LBR stated that she used the 2-period ROC).
![pPNcEkY.png](/proxy.php?image=https%3A%2F%2Fi.imgur.com%2FpPNcEkY.png&hash=a9fac025a772eb7496ae2b30b7346bd9)
I found in TradingView.https://www.tradingview.com/script/fBpVB1ez-Momentum-Pinball-Indicator/
mod note:
script converted. see below
Last edited by a moderator: