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Momentum solo

Momentum-Solo is a simple momentum Informer

  • The indicator will inform about strength in the appropriate direction
  • It is based on a minimum candle size and candle body in relation to the ATR


Filter

  • PSAR => arrows in PSAR direction only
  • MA, MA-Channel => Trend- and Sideway-Filter
  • MACD => short signals below 0 only, long signals over 0 only
  • Close to Trend => avoides to many signals while the trend runs
  • Correlation => signals only when a second, or a third instruments moves in the same direction


Alerts

  • alert, push-notification, arrows, send email, screenshot


Advantages

  • signal after close, no repaint, no cross-over signal
  • timeframes M5 to D1
  • all Instruments possible
  • it is based in 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 movering averages and if you like MACD or PSAR


Important rule

  • looking on a higher timeframe for an instrument with an obvious upcoming movement in a clear direction
  • Entry after an Arrow => waiting for the pull back or wait for a 2. higer / lower candle, plus / minus a few pips.
  • (Entries => above and below channels after first pull-back (price comes back to the cahnnel and touches it))
  • Exit example => after a close through a high / low ma, here like 12 ema h / l.
  • Exit example => after a trailing stopp (take the distance between SL and Entry).
  • Exit example => major support, resistance, fibonacci and dynamic support- resistance- Lines / use the same to move your stop and for taking first profits
  • If the trade still runs, ignore further arrows.
  • SL below / obove 2. higer / lower candle.


Example

  • higer Timeframe => H4 - Chart
  • trading Timeframe => H1 - Chart
  • looking on H4 for an instrument with an obvious upcoming movement in a clear direction, looking in H1 for an opportunity


Parameters / inputs

  • Momentum close to the Trend = true
  • Trend MA = 28
  • MA Mode = Exponential
  • MA Price long = High price
  • MA Price short = Low price
  • Trend MA II = 112
  • MA Mode II = Exponential
  • MA Price II long = High price
  • MA Price II short = Low price


Description

  • Momentum close to the Trend = filters the Momentum closer to the higher Timeframe
  • Trend MA = filters the momentum in the prefered direction of the trading-chart
  • Trend MA II = filters the momentum in the prefered direction of the higher timeframe
  • High price and Low price => builds a channel around the price and is used as an additional filter for vertical movements


How to work with the indicator / more settings

try these Parameters for the following Timeframes, when trading these Timeframes:

  • all Timeframes M5 -> D1 always Trend MA = 12
    • D1 - Trend MA II = 12
    • H4 - Trend MA II = 48
    • H1 - Trend MA II = 48, 48 refers to H4, 288 refers to D1
    • M30 - Trend MA II = 96 (24), 96 refers to H4, 24 to H1
    • M15 - Trend MA II = 192, 192 refers to H4, 48 to H1
    • M5 - Trend MA II = 36 (144) (576), 36 refers to M15, 144 to H1, 576 to H4
  • H1 - Trend MA = 31
  • H1 - Trend MA II = 124 refers to H4
  • H1 - Trend MA = 31 MA Shift = 31
  • very strong Momentum = true
  • (try Momentum close to the Trend = true)


try with this features and set what you like most

  • very strong Momentum = true (the candle-size is almost full-size)
  • Momentum close to the Trend = true (filters the Momentum closer to the higher Timeframe)


Recommendations

  • I don't trade after over-size-candles
  • I only go for a clear trend on the higher timeframe
  • I stay out before high-impact-News hit the market
  • always on my mind, major Support and Resistance
  • no trade without money-management, please calculate your risk, trade smart
  • there is no guarantee of success as in any trading business / in my examples above
vtcpa04
977
2016.03.17 20:43 
 

Excellent product and seller.

Claus was very courteous, responsive, and professional after I informed him the alert function was not working properly.

Pip Collector
242
2015.12.09 11:49 
 

Great product and great seller, really helpful indicator.

Especially if the next year upgrade for the "1st arrow only alert will show in history" could be release sooner \('-')/

4xplosion
810
2015.09.25 02:05   

Hi....do me a favor and respond to my email request...been 2 days now and I am renting it out and it's not loading unto my platform....

thanks!

golfguy37
858
2015.09.09 01:58 
 

Will be buying this soon, by far best indicator i have purchased on here. I trade London Open and over a 3 to 4 hour window i have been getting 50 to 75 pips with this indicator on a live account. Best indicator i have used. I trade 5 min but mostly 15 min with it.

Version 16.11 - 2016.11.10
- Email header with time and/or date stamp
- Email footer for additional comments
- Second trend filter
Version 16.6 - 2016.05.25
- added a second Price to the moving average
Version 16.5 - 2016.05.13
- shows current Direction of all Timeframes, # = candle is bullish
- shows current Direction of all Timeframes, _ = candle is bearish
- added custom Email-Header / Email-Content
- changed some options to pull-down-menus
- added a moving average to the settings
Version 16.3 - 2016.03.17
- midnight bugfix (alert stopped working after midnight )
- switch long- / short - arrows off, leave the one you need
Version 16.2 - 2016.02.29
close_to_trend - feature
- shows arrows close to the trend
- less arrows, higher probabilities for a re-entry after a correction

former function "Sidekick" renamed to "strong_momentum"
Version 15.12 - 2015.12.08
- Added Push-Notification.
Version 15.8 - 2015.08.24
Momentum-Solo with "Momentum-Sidekick" - feature
- indicates stronger Momentum
- higher probability in non-trend situations