Visit here for more information about excessive momentum trading.

https://algotradinginvestment.wordpress.com/category/excessive-momentum-indicator/

Interesting article for Excessive Momentum Trading.

https://algotrading-investment.com/2018/10/29/introduction-to-excessive-momentum-trading/

New Article Released – Excessive Momentum and Volume Spread Analysis

Excessive momentum could possibly point out some anomaly movement or anomaly momentum in the financial market. Excessive momentum can provide you good entry for your trading. During Excessive momentum, this balance is broken. It means that the continuation force was greater than reversal force since the trends was driving further beyond the defined range. Now probably you are starting to make some sense about excessive momentum. That is good. Your intuition will start to tell you that this excessive momentum is significant joint in the price movement where forces are conflicting.

How to trade with these excessive momentum is outlined in this full article below. Do not miss to read this article for your wining trading.

https://algotrading-investment.com/2019/08/23/excessive-momentum-and-volume-spread-analysis/

Below is link to the Excessive Momentum Indicator:

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Trading Strategy Comparison – Excessive Momentum

Somehow, I come across ST Pattern Strategy on the internet. I do not know thoroughly about the strategy yet. I only had a quick glance but its described entry and exit seems similar to excessive momentum strategy added in Excessive momentum indicator.

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

Why I am so interested in this? Let me explain. The biggest happiness for the creator of strategy is when the strategy is used in practice in well balanced manner and serve the trader to achieve their realistic financial goal.

Especially, excessive momentum strategy was created from the pure math and philosophical point of view. You can check this price pattern and strategy table here released in 2017. Maybe you won’t find out how I created the strategy in just one quick look because this price pattern and strategy table contains really dense piece of information. But you will catch slowly as you read the book.

https://algotrading-investment.com/2019/09/11/scientific-guide-to-price-action-and-pattern-trading-price-pattern-and-strategy-table/

When I first created the Excessive momentum strategy, volume spread analysis was the closest practical application (i.e. as well as explanation for excessive momentum) I could find out. Of course, they are not identical. What I am talking about is that the main trading philosophy are similar.

I was really happy that the pure projection of math and philosophy live in real world trading. But I was still looking for another practical way of applying Excessive momentum or similar sort.

Then I come across this ST Pattern strategy and I found the trading framework of entry and exit are pretty close to excessive momentum strategy too. I am sure that they would be some gray area when you get into details. But at least from its look, they are pretty close.

What would be a chance to meet your college friends in the same restaurant  situated in the most dense area of Manhattan after you have graduated many years ago ? When I saw ST Pattern strategy, I feel like this exactly.

For your trading, I think the best of the best is where the theory and practice meets. If the person understand the theory as well as practice, this will yield you the best of the best outcome. Most of time, doing like this will take time and practice. Also you have to read a lot too as well as trading a lot. You should not judge the trading strategy in just five minutes and then jump to other strategy like grasshopper.

When you test new strategy, take moment to think. Any trading strategy will stem from these five regularities we know. Slowly find out which regularity the trading strategy is designed to capture. Then you will find out more about the trading strategy thoroughly.

https://algotrading-investment.com/2019/09/11/scientific-guide-to-price-action-and-pattern-trading-price-pattern-and-strategy-table/

Excessive Momentum Indicator New Version 10.1 Released

Here is some great news. We have finally managed to release Excessive Momentum indicator version 10.1. We have made through changes in the algorithm. Hence, its appearance and usage are now different from old version. We made a lot of good improvement.

Here is what was changed.

1. Excessive Momentum is detected directly without phases. This makes your trading much simpler.
2. We have added Automatic Fibonacci Retracement when excessive momentum is detected. Now, you can gauge potential market reversal with the provided automatic Fibonacci Retracement.

What is not changed ? You can still use excessive momentum together with your harmonic pattern, Elliott wave patterns and volume spread analysis indicator.

Overall, it is now much simpler to trade with but with more benefits for your trading. The best way to understand is to visit the product page. We have added new product description + new screenshots.

Please download Version 10.1 for the maximum trading performance.

Excessive Momentum Indicator for MetaTrader 4 product page

https://www.mql5.com/en/market/product/30641

Excessive Momentum Indicator for MetaTrader 5 product page

https://www.mql5.com/en/market/product/30621

Excessive Momentum Indicator for algotrading-investment.com product page

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

Harmonic Pattern and Excessive Momentum
Here we show that how Excessive Momentum and Harmonic Pattern was coincided to confirm the same bullish entry.

Firstly, I put Excessive momentum indicator. It gives me that potential reversal area around 1.272 (127.2% retracement level). Remember what I said about Excessive Momentum ? When you or indicator detect Excessive momentum, you have to pay a particular attention.

Next, Harmonic Pattern also confirms the entry at the similar point as the Excessive momentum does. This is good confirmation together for the same bullish entry.

Of course, next watch point is the first Potential Continuation Zone for EURUSD at 1.0997.

Please Note that it is not the Fibonacci Retracement you are looking at there. You are looking at Excessive momentum first and then you are confirming your entry with Fibonacci Retracement. Excessive Momentum give you clue about where you need to use Fibonacci Retracment entry.

The detection of Excessive momentum is done automatically in the Excessive Momentum Indicator. In addition, if you are volume spread analyst, Excessive Momentum can be good supplementary for your trading too.

Here is link to Excessive Momentum Indicator.

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Excessive Momentum Indicator Version 10.5 Released

We have made another update on our Excessive Momentum Indicator. The latest version is 10.5.

Winning Trading Logic – Detecting Supply and Demand Unbalance

As we have pointed out in our article, detecting the supply and demand unbalance is the most important key in making profits in Financial market. The excessive momentum indicator is the automated tool to detect these unbalance in supply and demand for your trading.  With excessive momentum drawn in your chart, it is much easier to predict the timing of new trend and its direction.

Here is the insightful article explaining where the profits comes and how the profits are captured with the knowledge of excessive momentum. If you really want to make money in the market, must read this article. Reading does not cost you anything.

https://algotrading-investment.com/2018/10/29/introduction-to-excessive-momentum-trading/

Hello

which timeframe can you recomment to use?

Rik

As far as I know it works for all timeframe. But I will just recommend avoiding M1 or M5 due to the low data integrity in those timeframe.

More tips about Excessive Momentum Indicator can be found from below link.

https://algotradinginvestment.wordpress.com/category/excessive-momentum-indicator/

New Powerful Update is Coming on Excessive Momentum Indicator – 5 December 2020

We are just informing some wonderful news to Forex Trader.

We are working hard on our next powerful update on Excessive Momentum Indicator, specialized tool to pick up the Excessive Momentum Zone, Accumulation area, and Distribution Area.

To release your curiosity, we attach the screenshot here. But we won’t say too much here because you will get delivered this new update.

This update will contain some major changes. However, the trading concept around the Excessive momentum and Volume Spread Analysis background will be not affected. So you will be trading as you were trading before.

We are trying to deliver this new update during the December.

Just stay safe and happy.

Excessive Momentum Indicator and Trading Operation

Excessive Momentum Indicator automatically detects the broken balance between supply and demand of investors in the financial market.  Detection of this broken balance provides the great market timing for the entry and exit for our trading.  In this short article, we explain some of the controllable inputs in the Excessive Momentum Indicator.

There are the four main inputs, controlling the calculation. They are:

* Bars To Scan: amount of candle bars to calculate the indicator.  Choose bigger numbers if you want to see the calculation over longer historical period.

* Momentum Strength Factor: Momentum Strength is the strength of Excessive Momentum to detect. It can stay between 0.1 and 0.5.  In theory, it can go up to 1.0. However, you will not get many signals to trade. The default setting is 0.1. You can try various Momentum Strength Factor to optimize your trading performance if you wish.

* Equilibrium Fractal Wave Scale:  This input controls the size of Fractal Wave when we detect the excessive momentum. If you put bigger number, then you get less signals to trade. The default setting is 0.5.

 * Detrending Period: This input controls the statistical calculation in the algorithm. It should stay between 20 and 50.

Above four inputs are important because they can affect the number and quality of trading signals. You can use the default setting most of time. However, it is also possible that you can try different inputs and check how they perform in the historical data.  Rest of inputs are probably self-explanatory from their name.

Now, let us cover the trading signals. In the Excessive Momentum indicator, you get two signal alerts. Firstly, you will get alert when the Excessive Momentum is starting in the market.  In this case, it will notify you the starting price. At this stage, the excessive momentum is not completely expanded yet.

Secondly, you will get alert when the Excessive Momentum is completed in the market. At this stage, you will be notified both starting price and ending price of Excessive Momentum.

Both starting price and ending price of Excessive Momentum form the Excessive Momentum Zone. At which signal you want to trade is up to your choice. You can use the zone as the breakout trading when the zone is narrow. When the zone is sufficiently large, it might be possible to aim some reversal trading opportunity too.

At the same time, this Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version).

Below is the landing page for Excessive Momentum Indicator.

https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/

https://www.mql5.com/en/market/product/30641

https://www.mql5.com/en/market/product/30621

Here is the link to Volume Spread Pattern Indicator (Paid and Advanced Version).

https://www.mql5.com/en/market/product/32961

https://www.mql5.com/en/market/product/32960

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/

Here is the link to Volume Spread Pattern Detector (Free and Light Version).

https://www.mql5.com/en/market/product/28438

https://www.mql5.com/en/market/product/28439

https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/

If you are using the old version of Excessive Momentum Indicator, then make sure to update to the latest version 12.3 of this Excessive Momentum Indicator. 

Use the latest version for the best performance.

You can use Free Volume Spread Pattern Detector together with Excessive Momentum Indicator. 

Think in term of looking for accumulation and distribution area in the chart.

In addition, you can read full article about Momentum trading from the link below. This will be useful article to read for Excessive Momentum Indicator holder.

https://algotrading-investment.com/2018/10/29/introduction-to-momentum-trading/

Is the Default Trend Period the best setting? What rand would you suggest? Would I need to change setting if attached to different TFs?

Here are several places for trading tips. 

1) https://algotrading-investment.com/2023/04/16/momentum-trading-technical-analysis/

2) https://algotrading-investment.com/2019/07/23/trading-education/

3) https://algotradinginvestment.wordpress.com/category/excessive-momentum-indicator/

4) Free indicator: https://www.mql5.com/en/market/product/28439

Hi,

When does the formation/triangle pattern confirms?