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Indicators

MA on Momentum - indicator for MetaTrader 5

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3417
Rating:
votes: 37
Published:
2022.04.26 17:39

The idea of the indicator

Two lines - simple 'Momentum' indicator and 'Momentum' indicator smoothed with 'Moving Average'.

MA on Momentum

Rice. 1. MA on Momentum

How to trade

We are looking for moments when the indicator lines cross: if the cross is below the '100' level, this is a signal to open a BUY position; if the recalculation is above the '100' level, this is a signal to open a SELL position.

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    Trading strategy based on the custom indicator 'MA on Momentum'

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