Momentum-Solo, Vers. 22.7, description-list for all parameters

Momentum-Solo - a simple "true Momentum - time-based Indicator"

• The indicator will inform about strength (Momentum), a impulse in the appropriate direction
• it's based on a self-developed candle Pattern, in relation to the ATR (Average True Range)




Filter
• Weekdays and Hours => let's get Momentum to the right time
• Correlation => signals only when a second, or a third instruments move in the same or inverse direction
• MACD => short signals below 0 and below signal-sma, long signals over 0 and above signal-sma
• RSI level above X / below X, (0-100), default 50 / 100
• ADX level above X / below X,  (0-100), default 25 / 100
• Stochastic level above X / below X, (0-100), default 20 / 80
• PSAR => arrows in PSAR direction
• Bollinger Bands => arrows in upper- / lower- Band direction
• Keltner-Channel  => Trend- and Sideways-Filter
• Change of Tick-Volume
  
• Coffee-Break, based on Rob Hoffman's Inventory Retracement Bar (IRB)
• Close to Trend => avoids too many signals while the trend runs, use 4 active variables at the same time

Alerts

• alert, MQL5 push-notification, arrows, send 3 different emails, screenshot

Advantages

• Signal after close, no repaint, no cross-over signal
• Time-Frames 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, PSAR, Bollinger Bands or Keltner Channel, Change of Tick-Volume

• select Weekdays and Hours
• ========================
• => let's get Momentum to the right time
• => avoid weak trading hours, like Asian session
• => leave unstable weekdays out, concentrate on powerful days




Settings

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• set Time-Filter - if true, Momentum-Solo will work between the following hours and minutes
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• Day of the week Start / End- if active, Momentum-Solo will work between the following days only
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• first Arrow only after Trend-Change - if true, it shows the first arrows only, after a change of direction 
• true & after Midnight => now you will get a new signal in the same direction within a new period, provided that the function Time-Filter is turned on
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• Momentum - define the strength of the momentum candle 
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• Indicator pre-settings
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• Email-A - if true, it shows the selected info in header and the first line of the email.
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• Email-B - if true, it shows the selected info in header and the first line of the email.
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• Alert - activates the alert-pop-up-window.
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• Notification - if true, it sends the alert to the MT4 APP of your smartphone.
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• Screenshot - if true, it sends the alter with a screenshot to ...\MQL4\Files 
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• @ Pro-Settings:
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• Time-Zones:  Local | Broker | UTC/GMT
• Time zones can be displayed horizontally and vertically
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• Pivot-filter - use daily Pivot as a secondary Trend
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• MAs global Setup
• MAs sequence does not matter
• MAs need to be in sequence
• Trend MA I - Value of the MA-filter I 
• Trend MA II - Value of the MA-filter II
• Trend MA III - Value of the MA-filter III
• Trend MA IV - Value of the MA-filter IV
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• Correlation I - the name of the instrument you want to compare
• Correlation Correlation Direction
• Trend-Correlation
• negative Correlation
• Correlation II - the second name of the instrument you want to compare
• Correlation Correlation Direction
• Trend-Correlation
• negative Correlation
• Correlation Trend MA - Value of the Correlation - MA
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• MACD Trend-Direction 
• MACD Filter off
• MACD in traditional Signal
• MACD in Counter-Direction
• MACD in Trend-Direction
• MACD in Trend-Direction above/below 0
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• RSI Level-Filter - RSI level above X (0-100) and below X (0-100), default 50
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• Parabolic Sar filter - a Momentum-arrow occurs in the PSAR-direction
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• Bollinger Bands filter -  a BB-arrow appears in upper- / lower- Band direction
• Reaction-Candle => choose the price when a band is considered exceeded
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• calculate Keltner - Momentum is displayed inside or outside of the Keltner channel, depending on the selection
• Channel Inside  //  Channel Outside
• if true => it will draw Keltner Channel | Color: # 2 3 4
• if true (& draw Keltner Channel = true) => it will draw leading Keltner lines | Color: # 5 6 7
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• Change of Tick-Volume Candles

  - Volume off
  - last Candle < current Candle
  -  and < 2.last Candle
  -  and < 3.last Candle
  -  and < 4.last Candle
  -  and < 5.last Candle
  -  current Candle < last Candle
  -  and < 2.last Candle
  -  and < 3.last Candle
  -  and < 4.last Candle
  -  and < 5.last Candle
  -  last Candle < current Candle or current Candle < last Candle

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• Coffee-Break Setup   =>  based on Rob Hoffman's Inventory Retracement Bar (IRB)
• Coffee-Break off
• Coffee-Break
• Coffee-Break-Reverse
• Coffee-Break & Reverse
• Coffee-Break-Size in %
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• Momentum close to Trend only - if true, shows arrows close to the MAs that are predefined in the settings below.
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• 
  
• @ Alert- / Email- Settings:
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• Account Description to all receivers / „default" = your Broker-Name 
• send Alert-Price to all receivers, H | L
• for Alert and Notification => brief Comment
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• Screenshot-Picture will be saved in ...\MQL4\Files 
• Screenshot-Picture width - default is 1280
  
• Screenshot-Picture height - default is 720
• Screenshot-Picture => short Comment (this is for an additional comment for the file-name of the picture)
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• Time-Zone sending via E-Mail:  choose the Time-Zone you wish to have in your emails  =>  Broker Time | Local Time | UTC/GMT
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• Date, Time in Header Email-A
• Date, Time in Email-A
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• Date, Time in Header Email-B
• Date, Time in Email-B
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• Email A=> brief Comment
• Email B=> brief Comment
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• Email Header
• Email Footer   default is = "Copyright © year, your name"
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• Email C   with custom Header and 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
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• send Trade-Level ! not reliable, on your own risk
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• @ Arrows:
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• Arrow Style - choose an arrow-style => no kidding, if you set up the Momentum-Solo-Indicator for Email-Info only, mark it with an Envelope-Symbol in the chart, and the same for a Push-Notification only with a Phone-Symbol
• Arrow Position - default is 1.6 / nice to have, if you compare settings with a second / third indicator
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• custom Signs =>> Wingdings Font  https://www.mql5.com/en/docs/constants/objectconstants/wingdings
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• 
  
• @ Status on screen:
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• Vola, Spread, Countdown, Time - it shows the information on the Volatility today, the current spread, and the countdown of the current period
• clear Chart for stand-alone-window (now you can get the @Status-on-screen in a clean stand-alone-chart)
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• Bars to process - at least 500 recommended
• Bar-Warning On | Off - an Alert occurs, if below 500 candles
• End_____________________________
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any questions?
please let me know => MQL5 cld