The CAM Indicator For Trends And Countertrends

v10.3
The CAM Indicator For Trends And Countertrends

In the article “The CAM Indicator For Trends And Countertrends” in the January 2018 Traders’ Tips issue, author Barbara Star introduces using chart patterns based on a coordinated ADX and MACD or, as she abbreviates it, CAM. In the article, she describes using the CAM indicator to identify upward and downward trends as well as pullbacks in existing trends and countertrend rallies.

The author also suggests using other indicators such as an exponential moving average (EMA) and the commodity channel index (CCI) to help confirm signals generated by CAM.

  • green candlesticks = uptrend
  • gold candlesticks = pullback
  • red candlesticks = downtrend
  • blue candlesticks = counter trend

 

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ADX countertrend MACD trend
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03/19/2018

576 posts • 1844 Followers
  1. avatar
    Toto le Heros • 03/19/2018 #

    Thanks Nicolas. I read somewhere that in the calculation, we should round the value of the ADX to the nearest whole number. Light modification indeed…

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