EMA Spread Oscillator
Quickly see past levels where diff maxed out. Momentum and price can only keep going up for so long. This obviously differs per underlying asset. So that is where this oscillator comes in handy.
Of course you can see on the chart how far apart the moving averages are, but it is easier to spot on an oscillator.
This technique was described by William Blau in his book "Momentum,
Direction and Divergence" (1995). His book focuses on three key aspects
of trading: momentum, direction and divergence. Blau, who was an electrical
engineer before becoming a trader, thoroughly examines the relationship between
price and momentum in step-by-step examples. From this...