• Información general
  • Comentarios (2)
  • Discusión (4)
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Exponential Momentum

5

Advanced and affordable momentum indicator that fade the fake move of market. It is smoothed because of special sophisticated exponential averaging calculation. It is also similar to special type of CCI with more tolerance to overbought or oversold conditions with built-in momentum indication. This indicator is able to empower your trading as a trend detector, CCI and market momentum scale measurement.


Features

  1. Smoothed to filter uncomfortable noises.
  2. Non-Lagging Exponential averaging.
  3. Line or Histogram drawing.
  4. Momentum on both bullish and bearish move.
  5. You can also use it like CCI indicator.


How to use it

  1. Trend Following, GREEN for Bullish and PINK for Bearish. Take Buy position when the indicator make a bottom and reverse upward or take Sell position when the indicator peaks and reverse down.
  2. Momentum Strength, higher value means higher strength. In case that this indicator reached to extremely high or low values (relative to its historical values), you should assume a continuation of the current trend. For example, if the Momentum indicator reaches extremely high values and then turns down, you should assume prices will probably go still higher. In either case, only trade after prices confirm the signal generated by the indicator (for example, if prices peak and turn down, wait for prices to begin to fall before selling).
  3. Divergence:
    • A Bullish divergence occurs when the price is making new lows while the indicator fails to make a new low.
    • A Bearish divergence occurs when the price is making new highs while the indicator fails to make new highs.

Both of these divergences are most significant when they occur at relatively overbought/oversold levels.


Inputs

  1. Indicator_Type: To set the type of indicator drawing to LINE or HISTOGRAM.
  2. FirstMomentumAveraging: Exponential Averaging periods that would be apply over Candles height.
  3. SecondMomentumAveraging: Exponential Averaging periods to smooth the first one averaging.
  4. ThirdMomentumAveraging: Exponential Averaging periods to smooth the second one averaging.
  5. SafeMode: By set it to true, the indicator color is changed by passing zero level.
  6. Alert when market change: Alert in MT4 terminal when the market change direction and indicator pass the zero line.
  7. Mobile Phone Notification: Send notification to your mobile phone when the market change direction and indicator pass the zero line.
Comentarios 2
Natasha Diedericks
5732
Natasha Diedericks 2020.04.03 11:28 
 

Thanks

Marcel Pietropaolo
748
Marcel Pietropaolo 2018.01.25 08:27 
 

Excellent! One of the best indicator I have ever seen!

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An exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate their statistics and profitability. Scalper Inside
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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5 (3)
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Set TP and SL like Financial Institutions Traders' TP expectations do not often occur and their SL often hits when they only rely on primitive indicators like pivot-points and Fibonacci or classic support or resistance areas. There are a variety of indicators for support/resistance levels, whereas they are seldom accurate enough. Classical support/resistance indicators, often present miss levels and are not noteworthy based on current market volatility dynamic. Fibonacci is good but not enou
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Filtro:
Natasha Diedericks
5732
Natasha Diedericks 2020.04.03 11:28 
 

Thanks

Marcel Pietropaolo
748
Marcel Pietropaolo 2018.01.25 08:27 
 

Excellent! One of the best indicator I have ever seen!

Respuesta al comentario
Versión 1.3 2017.09.26
Add Push Notification on Mobile phone
Add Alert when market direction change
Versión 1.2 2016.09.29
- Bug fix for tick by tick re-calculation