Momentum Indicator
- 지표
- 버전: 3.50
Elite Momentum
Elite Momentum is a multi-confluence signal indicator for MetaTrader 4. It combines up to seven independent layers of market analysis and plots a BUY or SELL signal on the chart only when the enabled conditions align. Each filter can be switched on or off, so the indicator can be adapted to different symbols, timeframes and trading styles.
How it works
The indicator scans the market and evaluates each enabled confluence layer. A signal is plotted only when the required layers agree. Fewer conditions enabled means more signals; more conditions enabled means fewer but more selective signals.
When a signal is plotted you get:
- A BUY or SELL arrow with a text label on the chart
- A take profit box and a stop loss box showing the calculated TP and SL zones
- A signal strength rating showing how many confluences aligned (for example 5/7, 6/7, 7/7)
- Entry, stop loss and take profit prices shown in the dashboard
- A WIN or LOSS label when the trade level resolves
- Optional popup, sound, push and email alerts
The seven confluence layers
1. EMA Trend (20/50) - direction of the two moving averages
2. VWAP Filter - position of price relative to VWAP
3. 10-Bar Breakout - breakout of the recent range
4. RSI plus Volume - RSI reading combined with a volume condition
5. MACD Histogram - histogram direction and acceleration
6. Multi-Timeframe Alignment - higher timeframe trend must agree with the signal direction
7. Delta Volume - candle close position within its range as a measure of buying or selling pressure
Each layer can be toggled on or off independently.
Trade management
Breakeven - when price moves a set percentage toward take profit, the stop loss is moved to lock in a set percentage of the distance. Trigger and lock percentages are adjustable.
Trailing stop (optional) - once price reaches a set percentage of the take profit distance, the stop loss trails price at an ATR-based distance. Adjustable.
Both features can be switched on or off.
Dashboard
The on-chart dashboard updates on each tick and displays:
- Market analysis: trend direction, VWAP position, RSI level, ATR value, volume status
- Confluence status: MACD direction, higher timeframe trend, delta volume reading
- Session info: current session with GMT conversion
- Last signal: direction, entry, stop loss, take profit, and resolved status
- Trade management: breakeven status, trailing stop status
- Session statistics for the current chart
Visual elements (all can be toggled on or off)
- BUY and SELL arrows with text labels
- Take profit and stop loss boxes (semi-transparent)
- Signal strength rating
- Session markers for London and New York opens
- EMA 20 and EMA 50 lines
- VWAP line
Alerts
- Popup
- Sound
- Push notification
- Email
Each alert includes the symbol, timeframe, direction, entry, stop loss, take profit and R:R.
Parameters
Signal settings
ATR Period (default 14)
Stop Loss ATR Multiplier (default 1.5)
Take Profit ATR Multiplier (default 2.5)
Volume Spike Threshold (default 1.5)
RSI Period (default 14)
RSI Overbought Level (default 80)
RSI Oversold Level (default 20)
Bars Between Signals (default 15)
Confluence filters
MACD Confirmation on/off, with Fast/Slow/Signal (default 12/26/9)
Multi-Timeframe Confirmation on/off, with Higher TF in minutes (default 60)
Delta Volume Confirmation on/off, with Delta Threshold (default 0.6)
Session filter
Use Session Filter on/off
Broker GMT Offset (default 2)
London Start/End in GMT (default 8-12)
New York Start/End in GMT (default 13-18)
Display settings
Show EMAs, Show VWAP, Show Dashboard, Show Boxes, Show Strength, Show Sessions
Box Width in bars (default 8)
Buy/Sell colours
Arrow Size 1-5 (default 3)
Trade management
Enable Breakeven on/off
BE Trigger percentage (default 50)
BE Lock percentage (default 75)
Enable Trailing Stop on/off
Trail ATR Multiplier (default 1.0)
Trail Start percentage (default 50)
Alert settings
Popup, Sound, Push, Email - each on/off
Notes
Works on forex, metals, crypto and indices, on M15 and higher.
No DLL calls.
Test on a demo account before using on a live account.
Past chart behaviour does not indicate future results.
