Momentum-Solo Vers.18.12, description-list for all parameters

Momentum-Solo Vers.18.12, description-list for all parameters

23 Februar 2018, 13:31
Claus Dietrich
0
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Momentum-Solo, Vers.18.121, description-list for all parameters

Momentum-Solo is a simple momentum Informer

  • The indicator will inform about strength in the appropriate direction
  • It is based on a minimum candle size and candle body in relation to the ATR


Filter

  • PSAR => arrows in PSAR direction only
  • MA, MA-Channel => Trend- and Sideway-Filter
  • MACD => short signals below 0, long signals over 0, Divergence - static value X (candles before momentum)
  • RSI level above X / below X, (0-100), default 50, Divergence - static value X (candles before momentum)
  • Close to Trend => avoids too many signals while the trend runs, use 3 active variables at the same time
  • Correlation => signals only when a second, or a third instruments moves in the same direction

Alerts

  • alert, push-notification, arrows, send 2 different emails, screenshot

Advantages

  • Signal after close, no repaint, no cross-over signal
  • Timeframes M5 to D1
  • All instruments supported
  • It is based on relation to the ATR
  • Send custom email header and content
  • Several periods of sideways movement will be hidden
  • Involve one or two other correlating instruments as a filter
  • The indicator will inform about strength in the appropriate direction
  • All filters are based on moving averages, and if you like, MACD, RSI or PSAR


Settings

  • Bars to process - the number of bars of the chart you want to be involved - from 60 to 1000 might be fine.
  • show Vola today, Spread, Countdown - if true, it shows information of the Vola today, the current spread and the countdown of the current period.
  • Alert - activates the alert-pop-up-window.
  • Alert - the chosen info will be in the header and the first line of an email, if Email. 
  • Email-A Email-B - if true, it shows the selected info in header and the first line of the email.
    • Date first in Header
    • Time first in Header
    • Date & Time first in Header
    • Date in 1. Line, in Email
    • Time in 1. Line, in Email
    • Date & Time in 1. Line, in Email
  • Notification - if true, it sends the alert to the MT4 APP of your smartphone.
  • Screenshot - if true, it sends the alter with a screenshot to ...\MetaTrader 4\MQL4\Files.
  • show first Alert-Arrow only "Live-Setting" - if true, there is no history arrow, only the first upcomming arrow of the trend-direction will apaer and stay, as long as the timeframe and instrument won't be changed.
  • show Arrows - if true, it shows the chosen arrows only.
    • Arrows, up and down
    • Arrows up
    • Arrows down
  • Trend-Strength - pre-defined ema with different settings provide the filter for the momentum.
    • Trend, non
    • Trend, normal
    • Trend, stronger
    • Magic, shifted Trend (similar to Hurst) - this filter stands for an 1 period ema and 16 periods shifted.
  • very strong Momentum - if true, the momentum stands for solid candles and almost no wicks.
  • Momentum close to Trend only - if true, shows arrows close to the MAs that are predefined in the settings below.
    • Trend plus % of ATR - the value of the distance from the MAs to the candle will be calculated by the size of the current ATR in the current period.
  • Trend MA - Value of the MA-filter
    • MA Shift - Value of the Shift for the MA-filter
    • MA Mode - mode for the MA-filter
    • MA Price long - price for the upwards direction of the MA-filter
    • MA Price short - price for the downwards direction of the MA-filter
  • Trend MA II - Value of the MA-filter II
    • MA Shift - Value of the Shift for the MA-filter II
    • MA Mode - mode for the MA-filter II
    • MA Price long - price for the upwards direction of the MA-filter II
    • MA Price short - price for the downwards direction of the MA-filter II
  • Correlation I - the name of the instrument you want to compare
  • Correlation IT - the second name of the instrument you want to compare
    • Correlation Trend MA - Value of the Correlation - MA-filter
      • Correlation MA Shift - Value of the Shift for the Correlation - MA-filter
      • Correlation MA Mode - mode for the Correlation - MA-filter
      • Correlation MA Price long - price for the upwards direction of the Correlation - MA-filter
      • Correlation MA Price short - price for the downwards direction of the Correlation - MA-filter
  • MACD Divergence-Filter - Divergence with static value X (candles before momentum), works with trend and inverse-trend setting
    • Filter off - Filter off / on
      • MACD fast EMA - value of the fast ema
      • MACD slow EMA - value of the slow ema
      • MACD shift - Divergence-Reference, X candles before momentum
  • MACD Trend-Direction - set the direction of the filte
    • Filter off - Filter off
      • MACD in Trend-Direction - downwards-arrow below 0, upwards-arrow above 0
      • MACD inverse Trend-Direction - downwards-arrow above 0, upwards-arrow below 0 (experimental, not reliable for reverse)
    • MACD fast EMA - value of the fast ema
    • MACD slow EMA - value of the slow ema
  • RSI Divergence-Filter - Divergence with static value X (candles before momentum)
    • Filter off - Filter off / on
      • RSI Period - value of the period
      • RSI Price - apply to price
      • RSI shift - Divergence-Reference, X candles before momentum
  • RSI Level-Filter - RSI level above X (0-100) and below X (0-100), default 50
    • Filter off - Filter off / on
      • RSI Period - value of the period
      • RSI Price - apply to price
      • RSI level - RSI above, for long
      • RSI level - RSI below, for long
      • RSI level - RSI below, for short 
      • RSI level - RSI above, for short 
    • MAs close to trend - the candle need to touch at least one of the MAs
    • MA I close to trend - Value of the close to trend MA-filter I  default value 8
    • MA I close to trend - mode for the close to trend MA-filter I
    • MA II close to trend - Value of the close to trend MA-filter II  default value 13
    • MA II close to trend - mode for the close to trend MA-filter II
    • MA III close to trend - Value of the close to trend MA-filter III  default value 20
    • MA III close to trend - mode for the close to trend MA-filter III
  • Parabolic Sar filter - an Momentum-arrow occurs in the PSAR-direction only, good values  0.02 / 0.02
    • Parabolic Sar Step - value for Step
    • Parabolic Sar maximum - value for Maximum
  • Arrow Style - choose a arrow-style = thin, cross, normal, hollow, Thumbs, Triangle
  • Arrow Position - default ist 0.6 / nice to have, if you compare settings with a second / third indicator
  • Screenshot-Picture will be saved in ...\MetaTrader 4\MQL4\Files.
    • Screenshot-Picture height - default is 720
    • Screenshot-Picture width - default is 1280
      • Screenshot-Picture => short Comment - this is for an additional comment for the file-name of the picture
  • Alert, Email A/B, Notification => short Comment - this is for an additional comment
  • Account Company => Account Description in email / default = your Broker
  • Email-/Header/-Content - choose what you need
    • default Email-/Header/-Content - system default information
    • custom Email-/Header/-Content
      • Email Header, long - message for upwards arrows only, change this text for your needs
      • Email Header, short - message for downwards arrows only, change this text for your needs
      • Email Content, long - message for upwards arrows only, change this text for your needs
      • Email Content, short - message for downwards arrows only, change this text for your needs


any questions?
please let me know =>
 MQL5 cld











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