Excessive Momentum Indicator MT4
200 USD
Versione demo scaricata:
878
Pubblicato:
24 luglio 2018
Versione attuale:
12.3
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what does it mean of Timeframe input?
if i open graph M15 but I change timeframe input to H4. Will it alert signal on timeframe H4 only ?
Yes, it will only alert on the current chart.
what does it mean of Timeframe input?
if i open graph M15 but I change timeframe input to H4. Will it alert signal on timeframe H4 only ?
Please use it with either Volume Spread Pattern Detector (free) or Volume Spread Pattern Indicator (paid).
When excessive momentum indicator is combined with Volume Spead Analysis, it is really powerful.
Here is link to the Volume Spread Pattern Detector (Free)
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
Here is the link to Volume Spread Pattern Indicator (Paid).
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
hi sir
were stop and target
hi sir
were stop and target
Excessive Momentum indicator is the tool to detect acumulation and distribution area in the volume spread analysis.
Hence, it will not provide the direct stop and target measurement. However, you can make simple guess around acumualation and distribution area.
At the same time.
Please use it with either Volume Spread Pattern Detector (free) or Volume Spread Pattern Indicator (paid).
When excessive momentum indicator is combined with Volume Spead Analysis, it is really powerful.
Here is link to the Volume Spread Pattern Detector (Free)
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
Here is the link to Volume Spread Pattern Indicator (Paid).
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
No sound alert appears when model is completed
We will have a look.
More tips about Excessive Momentum Indicator can be found from below link.
https://algotradinginvestment.wordpress.com/category/excessive-momentum-indicator/
New Powerful Update is Coming on Excessive Momentum Indicator – 5 December 2020
We are just informing some wonderful news to Forex Trader.
We are working hard on our next powerful update on Excessive Momentum Indicator, specialized tool to pick up the Excessive Momentum Zone, Accumulation area, and Distribution Area.
To release your curiosity, we attach the screenshot here. But we won’t say too much here because you will get delivered this new update.
This update will contain some major changes. However, the trading concept around the Excessive momentum and Volume Spread Analysis background will be not affected. So you will be trading as you were trading before.
We are trying to deliver this new update during the December.
Just stay safe and happy.
Excessive Momentum Indicator and Trading Operation
Excessive Momentum Indicator automatically detects the broken balance between supply and demand of investors in the financial market. Detection of this broken balance provides the great market timing for the entry and exit for our trading. In this short article, we explain some of the controllable inputs in the Excessive Momentum Indicator.
There are the four main inputs, controlling the calculation. They are:
* Bars To Scan: amount of candle bars to calculate the indicator. Choose bigger numbers if you want to see the calculation over longer historical period.
* Momentum Strength Factor: Momentum Strength is the strength of Excessive Momentum to detect. It can stay between 0.1 and 0.5. In theory, it can go up to 1.0. However, you will not get many signals to trade. The default setting is 0.1. You can try various Momentum Strength Factor to optimize your trading performance if you wish.
* Equilibrium Fractal Wave Scale: This input controls the size of Fractal Wave when we detect the excessive momentum. If you put bigger number, then you get less signals to trade. The default setting is 0.5.
* Detrending Period: This input controls the statistical calculation in the algorithm. It should stay between 20 and 50.
Above four inputs are important because they can affect the number and quality of trading signals. You can use the default setting most of time. However, it is also possible that you can try different inputs and check how they perform in the historical data. Rest of inputs are probably self-explanatory from their name.
Now, let us cover the trading signals. In the Excessive Momentum indicator, you get two signal alerts. Firstly, you will get alert when the Excessive Momentum is starting in the market. In this case, it will notify you the starting price. At this stage, the excessive momentum is not completely expanded yet.
Secondly, you will get alert when the Excessive Momentum is completed in the market. At this stage, you will be notified both starting price and ending price of Excessive Momentum.
Both starting price and ending price of Excessive Momentum form the Excessive Momentum Zone. At which signal you want to trade is up to your choice. You can use the zone as the breakout trading when the zone is narrow. When the zone is sufficiently large, it might be possible to aim some reversal trading opportunity too.
At the same time, this Excessive Momentum Zone can be considered as either Accumulation or Distribution area in the Volume Spread Analysis. You can further find the symptoms of accumulation and distribution area using our Volume Spread Pattern Indicator (Paid and Advanced version) or Volume Spread Pattern Detector (Free and Light version).
Below is the landing page for Excessive Momentum Indicator.
https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621
Here is the link to Volume Spread Pattern Indicator (Paid and Advanced Version).
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/
Here is the link to Volume Spread Pattern Detector (Free and Light Version).
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/
How to fix this bug?
How to fix this bug?
In the panel, it says "Click here to refresh".
So click here to refresh.
Another way might be change timeframe back and forth (For example, from H1 to H4 to H1).
It might bring the same effect as "Click here to refresh".
In the panel, it says "Click here to refresh".
So click here to refresh.
Another way might be change timeframe back and forth (For example, from H1 to H4 to H1).
It might bring the same effect as "Click here to refresh".
Unfortunately, the bug did not go away
I did not know how to reproduce the same results like yours.
So I did not see them in my chart.
So close the chart and attach the indicator again.
I did not know how to reproduce the same results like yours.
So I did not see them in my chart.
So close the chart and attach the indicator again.
It's right nowو
but what is this field? Timeframe to detect patterns for MTD
It's right nowو
but what is this field? Timeframe to detect patterns for MTD
It is the time interval to scan the excessive momentum when MTD is on.
If you set it to 5 minutes, then it will scan the pattern at every 5 minutes (=More CPU works).
Use it accordingly as not to overload your CPU and Memory.
why is some signals pattern disappear I become email alert with ending price Age:3 and than disappear when hit SL.
I bekome email EURUSD M15: Excessive Momentum starting 1.05642,Ending Price 1.05731, Time 2022.05.04 21:00 Age: 3 At Peak
and than suddenly pattern disappear as price go up
why is some signals pattern disappear I become email alert with ending price Age:3 and than disappear when hit SL.
I bekome email EURUSD M15: Excessive Momentum starting 1.05642,Ending Price 1.05731, Time 2022.05.04 21:00 Age: 3 At Peak
and than suddenly pattern disappear as price go up
To get the best result with Excessive Momentum Indicator, use it with volume Spread Analysis.
Here is some instruction.
Excessive Momentum indicator can be used with volume spread analysis. For practical trading, we focus on identifying accumulation (=demand zone) and distribution area (=supply zone). To do so, you will be identifying demand and supply patterns around Excessive momentum zone to confirm the accumulation area and distribution area.
Please use one of these two Indicators for accumulation and distribution area identification.
Volume Spread Pattern Detector (Free Tool)
https://www.mql5.com/en/market/product/28439
Volume Spread Pattern Indicator (Advanced Paid Tool)
https://www.mql5.com/en/market/product/32961