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MomentumX

MomentumX is a great tool for traders to find possible direction change and continuation in trend. MomentumX indicator inverts momentum and is best used together with Momentum found in your MT4(See picture 2)

It can be used for short term trading and mid term trading on any timeframe and instrument. 


Only setting is period and color of the line.


Check out my other products: https://www.mql5.com/en/users/tkjelvik/seller#products


To spot entries, you can trade crossover between MomentumX and Momentum.

I like to combine it with fast MFI (5 periods) See picture 3 and enter long when MomentumX is abow Momentum and MFI is oversold and exit when MFI is overbought.

You can use different idicators like RSI, Williams%R, Stochastic, Demarker or other instaid of MFI.

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Thomas Kjelvik
Experts
Moneyflow trader is an EA based on the MFI indicator. It  doesn't use martingale or grid. Open trades are based on MFI compared to mfi a spesified number of candels back in time. It closes trades by stoploss or a set of rules based on MA.  Check out my other products:  https://www.mql5.com/en/users/tkjelvik/seller#products EA is most suitable for traders who like a lot of action and trades.  Input parameters MAperiode: Moving average periode used by the close function mfiperiode: Money
Arrow Entries
Thomas Kjelvik
Indicators
Arrow entries indicator Arrow entries is a tool to help make entry decisions. It draws arrows for buy and sell and is based on 2 MFI indicators and filtered by fast over or under slow Moving Average.  Check out my other products:  https://www.mql5.com/en/users/tkjelvik/seller#products Input variables Period MFI1: How many candels to calculate MFI1. Shift_MFI1: Candels back to be used. Period MFI2: How may candels to calculate MFI2. Shift_MFI2: Candels back to be used. Overbought/Oversold are
Arrow Entries II
Thomas Kjelvik
1 (1)
Indicators
Arrow Entries II   Arrow entries II indicator Arrow entries  is a tool to help make entry decisions. It draws arrows for buy and sell and is based on 2 Signals and filtered by fast over or under slow Moving Average.  Do not confuse this with my other indicator Arrow Entries. The rules for a signal is different. Arrow Entries II produce less signals than Arrow Entries, but are more precise  Want an EA to do the job for you? Buy it here: https://www.mql5.com/en/market/product/33266 Check out my ot
Arrow Entries II EA
Thomas Kjelvik
Experts
ARROW ENTRIES II EA     Arrow Entries II EA is based on my Indicator Arrow Entries II signals. It doesn't use martingale or grid.  Check out my other products:  https://www.mql5.com/en/users/tkjelvik/seller#products EA tries to catch short or medium term movements and is suitable for many traders.  Input parameters Periode Signal1 Periode Signal2 Shift Signal2 Overbought/Oversold MAfast MAslow tp sl ts Maxorders lot Magic If you want to trade with big SL you have to manually close the trad
Trident Pro
Thomas Kjelvik
Experts
Trident Pro Trident Pro is a one of a kind multistrategy EA with 8 different strategies based on Price, Moneflow index, MACD, RSI and Moving averages.  DON'T USE  martingale or Grid. You can easyly customize it to suite your risk appetite.   Check out my other products:  https://www.mql5.com/en/users/tkjelvik/seller#products This is what you get: -Customisable EA with 8 strategies -Can be used on all currencies pairs and XAUUSD and all timeframes -10 activations -Set files for several pairs
Pending Levels
Thomas Kjelvik
Experts
Pending Levels EA is a great expert advisor that places pending buy and sell orders at important levels.  It doesn't use any indicators and only use price and levels to make profit. It always use stopploss and takeprofit. Testresults use reasonable SL/TP. It has moneymanagement It doesn't use Martingale or Grid Only a few easy settings: -Magic number: ID of order -Minimum lot allowed -Risk: 0 use fixed lot -Stopploss: Setting in points. One pip is 10 Points. So if you want 50Pip SL you set 5
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