PerfectMomentum
- Indikatoren
- GABRIELE ZENDRINI
- Version: 1.3
- Aktualisiert: 3 Oktober 2022
- Aktivierungen: 5
It is a Momentum oscillator, developed to better identify market cycles.
Momentum indicates market strength by measuring the exchange rate of prices against their actual levels.
The oscillator works well on h1, h4, daily, weekly and monthly timeframes.
It can also be used on shorter timeframes, up to 1 minute, under penalty of increasing false signals.
Unlike a common oscillator, it draws much more precise and less fragmented curves for a consequent reduction of false signals.
The overbought / oversold areas are located in the zones between +50 + 80 and, +50 + 80.
ITS OSCILLATION APPEARS TO BE CORRELATED TO THE MARKET, AND SOME TIMES IN ADVANCE OF IT.
In the control panel the colors of the indicator are set, RED for the Perfect Momentum and BLUE dashed for the signal.
There are 3 settable parameters:
- CycleTF:
relative to the timeframe of the graph on which you want to show the oscillator:
"current": shows the oscillator on the selected timeframe on the platform.
"1 Minute": Shows the oscillator on the timeframe at 1 minute.
"5 Minutes": Shows the oscillator on the 5 minute timeframe.
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"1 month": shows the oscillator on the 1 month timeframe.
This feature allows you to use the oscillator over long times, but also short times, even with the possibility of viewing them all together in the same graph.
- ShowSignal:
If true, it shows the "signal line" which can be used as confirmation,
when the PerfectMomentum line (blue line) crosses the signal line (red dashed line)
- SignalSpeed:
Determines the reactivity of the signal. The default is 2, it is recommended to use a range between 2 and 4.
This oscillator has few parameters because it automatically adapts to the desired timeframe without the need to set it with additional parameters as happens for example with the Stochastic where the parameters to make it work correctly must be adapted to the timeframe in question.
A feature that distinguishes it from a classic oscillator is that during strong trend phases, it will not remain fixed in overbought / oversold areas (as the Stochastic does) but will always tend to draw more or less precise sinusoids thus providing new potential reversal signals. trendy.
Below is an example of a code snippet to use if you want to acquire the PerfectMomentum signal from an Expert Advisor:
Oscillator = NormalizeDouble(iCustom(NULL,PERIOD_D1,"Perfectmomentum_1.2",5,1),3);
SignalOscillator = NormalizeDouble(iCustom(NULL, PERIOD_D1 ," Perfectmomentum_1.2 ",6,1),3);