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
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 => avoids too many signals while the trend runs Correlation => signals only when a second, or a third instruments moves
It is basically the same as the "Reversal"
but with fix settings no additional settings necessary Entry: immediately after arrow Stop loss: a few pips above the high of the arrow - candle / below the low of the arrow - candle Take Profit: at least the next candle / move to break even after candle closed / trail the SL works on: Major Forex-pairs / M15 and higher timeframesArrows appear after Reversal-Pattern and when the confirmation-candle reaches its value, it won't disappear (no repai
If it would be just a classic candlestick pattern, it would generate much more false signals. The most important filter is the candle itself. The strengths of the candle is adjustable! All important ratios of the candle are adjustable, the wicks will be ignored. The ratio calculation for the candle is based on the ATR-value (default is 20 and adjustable). The confirmation candle needs at least a value of X% of ATR20-value (ATR20-value from current timeframe)If
Breakout Box uses the opening range, e.g. London, 8am - 9am Expectation of a volatile movement above or under the opening range We take the high of the range as Entry for a long trade and SL will be the low of the range and vise versa the low of the range as Entry for a short trade and the high for SL The size of the range is the distance to the TP (Take Profit) The range of the opening hours should not be larger than about 1/3 of the average daily range Use my info tool to watch the cur