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The CIT TrendMomentum indicator is designed to highlight periods when momentum is strong and prices are trending, and to change color when the trend reverses and short-term CITs are detected.
When an up-trend with strong momentum is detected, a green dot appears on top of the bar/candle.
Down-trends are marked with red dots below the bar/candle.
The goal is to eliminate subjectivity and emotions from the trading process, and to help you decide when to enter, exit or stay in a trade.
The best counter-trend entries are initiated immediately after the current trend gets exhausted (last green/red dot followed by an arrow), when the CIT Pivot Line changes color, or when price crosses the CIT Pivot Line.
For user convenience, filtered signals (green/red arrows) are included.
It works great as a confirmation/early warning signal when displayed along with the CIT PIvots (included), CIT Bars and/or CIT Angles indicators:
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