This is the third video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
Momentum is the next step for technical analysts after identifying trend. This video will help traders, analysts, and investors understand how momentum studies are calculated and what they seek to provide. Alex and Tyler discuss the concept of confirmation and divergence with respect to price action. Equally important, they describe how many of the traditional oscillators are designed to highlight overbought and oversold conditions in market activity but can leave a lot up to interpretation. Everyone should understand the concept of momentum indicators, but also how a blended approach to multiple oscillators can alleviate analysis paralysis and indicator overload.
This video originally premiered August 7, 2023. Click this link to watch on YouTube.