Momentum Indicator

Elite Momentum

Elite Momentum is a multi-confluence signal indicator for MetaTrader 4. It combines up to seven independent layers of market analysis and plots a BUY or SELL signal on the chart only when the enabled conditions align. Each filter can be switched on or off, so the indicator can be adapted to different symbols, timeframes and trading styles.


How it works

The indicator scans the market and evaluates each enabled confluence layer. A signal is plotted only when the required layers agree. Fewer conditions enabled means more signals; more conditions enabled means fewer but more selective signals.

When a signal is plotted you get:
   - A BUY or SELL arrow with a text label on the chart
   - A take profit box and a stop loss box showing the calculated TP and SL zones
   - A signal strength rating showing how many confluences aligned (for example 5/7, 6/7, 7/7)
   - Entry, stop loss and take profit prices shown in the dashboard
   - A WIN or LOSS label when the trade level resolves
   - Optional popup, sound, push and email alerts


The seven confluence layers

   1. EMA Trend (20/50) - direction of the two moving averages
   2. VWAP Filter - position of price relative to VWAP
   3. 10-Bar Breakout - breakout of the recent range
   4. RSI plus Volume - RSI reading combined with a volume condition
   5. MACD Histogram - histogram direction and acceleration
   6. Multi-Timeframe Alignment - higher timeframe trend must agree with the signal direction
   7. Delta Volume - candle close position within its range as a measure of buying or selling pressure

Each layer can be toggled on or off independently.


Trade management

   Breakeven - when price moves a set percentage toward take profit, the stop loss is moved to lock in a set percentage of the distance. Trigger and lock percentages are adjustable.

   Trailing stop (optional) - once price reaches a set percentage of the take profit distance, the stop loss trails price at an ATR-based distance. Adjustable.

   Both features can be switched on or off.


Dashboard

The on-chart dashboard updates on each tick and displays:
   - Market analysis: trend direction, VWAP position, RSI level, ATR value, volume status
   - Confluence status: MACD direction, higher timeframe trend, delta volume reading
   - Session info: current session with GMT conversion
   - Last signal: direction, entry, stop loss, take profit, and resolved status
   - Trade management: breakeven status, trailing stop status
   - Session statistics for the current chart


Visual elements (all can be toggled on or off)

   - BUY and SELL arrows with text labels
   - Take profit and stop loss boxes (semi-transparent)
   - Signal strength rating
   - Session markers for London and New York opens
   - EMA 20 and EMA 50 lines
   - VWAP line


Alerts

   - Popup
   - Sound
   - Push notification
   - Email

   Each alert includes the symbol, timeframe, direction, entry, stop loss, take profit and R:R.


Parameters

Signal settings
   ATR Period (default 14)
   Stop Loss ATR Multiplier (default 1.5)
   Take Profit ATR Multiplier (default 2.5)
   Volume Spike Threshold (default 1.5)
   RSI Period (default 14)
   RSI Overbought Level (default 80)
   RSI Oversold Level (default 20)
   Bars Between Signals (default 15)

Confluence filters
   MACD Confirmation on/off, with Fast/Slow/Signal (default 12/26/9)
   Multi-Timeframe Confirmation on/off, with Higher TF in minutes (default 60)
   Delta Volume Confirmation on/off, with Delta Threshold (default 0.6)

Session filter
   Use Session Filter on/off
   Broker GMT Offset (default 2)
   London Start/End in GMT (default 8-12)
   New York Start/End in GMT (default 13-18)

Display settings
   Show EMAs, Show VWAP, Show Dashboard, Show Boxes, Show Strength, Show Sessions
   Box Width in bars (default 8)
   Buy/Sell colours
   Arrow Size 1-5 (default 3)

Trade management
   Enable Breakeven on/off
   BE Trigger percentage (default 50)
   BE Lock percentage (default 75)
   Enable Trailing Stop on/off
   Trail ATR Multiplier (default 1.0)
   Trail Start percentage (default 50)

Alert settings
   Popup, Sound, Push, Email - each on/off


Notes

   Works on forex, metals, crypto and indices, on M15 and higher.
   No DLL calls.
   Test on a demo account before using on a live account.
   Past chart behaviour does not indicate future results.

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4.33 (6)
Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
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