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DSProFx Momentum Indicator

DSProFx Momentum Indicator is a forex indicator that works based on market price momentum calculation which shows combination of two different timeframes.


Concept

DSProFx Momentum Indicator works in any timeframe with the main concept is giving momentum index to each candle or bar which is calculated from the Bar Volume, LookBack Period and Candle Direction (Bearish or Bullish).


Formula

Momentum Index = Sum (Bar Volume * Weight) / Total Weight.


Features

DSProFx Momentum Indicator is a separate window indicator with some features:

  1. Consist of two different type of signal : histogram (upper) and arrow (lower). The upper signal shows the momentum index of current chart while the lower signal shows the momentum index of the second timeframe (which is higher than current chart timeframe).
  2. Both signal have their own color to show the momentum (up or down). The upper signal (histogram) shows the color and index as well, while the lower signal (arrow) only shows the color.
  3. There are options to activate the alert system (Pop up alert, email and push notification). Alert will be sent if both signal (histogram and arrow) shows the same signal.
  4. Visualization of the signal can be changed in color and width.


How to Use

Actually, the bar momentum can be seen clearly on the histogram signal that calculated by the current chart candles. To avoid false signals, the arrow signal calculated by the higher timeframe can be used as the filter.


Parameters

  • TimeFrame1 - current timeframe. Should be lower than TimeFrame2.
  • LookBackPeriod1 - number of candles behind (from TimeFrame1) that affect the momentum calculation of the histogram signal.
  • Calculation_Method1 - method of calculating the momentum index. There are two options:
    • Simple calculation: give the same weight to all candles or bars of LookBack Period.
    • Weighted calculation: give the maximum weight to the last (running) candle and minimum weight to the farthest candle based on LookBack Period.
  • TimeFrame2 - higher timeframe.
  • LookBackPeriod2 - number of candles behind (from TimeFrame2) that affect the momentum calculation of the arrow signal.
  • Calculation_Method2 - method of calculating the momentum index. There are two options:
    • Simple calculation: give the same weight to all candles or bars of LookBack Period.
    • Weighted calculation: give the maximum weight to the last (running) candle and minimum weight to the farthest candle based on LookBack Period.
  • Pop_Up_Alert - (true/false) option to activate the pop up alert.
  • Email_Alert - (true/false) option to send email alert.
  • Push_Notification - (true/false) option to send notification alert.
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First of all Its worth emphasizing here that this Trading Tool is Non-Repainting, Non-Redrawing and Non-Lagging Indicator, Which makes it ideal for professional trading. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders. It packs more than 20 useful indicators into one, combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies. This indicator focuses on Smart Money Concepts, providing i
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Guner Koca
5 (1)
indicator is no repaint trend indicator. when red stars up to line that is probably end of long trades. when blue stars up to line that is probably end of down trades. indicator can use all pairs and lower than weekly charts, to use weekly chart need to at least 500 bars data on back.and lowering processing value 500. it is also suitable for 1m charts. indicator hold long way to go. there is not too many signals.
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5 (5)
IX Power nihayet FX Power'ın rakipsiz hassasiyetini Forex dışı sembollere getiriyor. En sevdiğiniz endeksler, hisse senetleri, emtialar, ETF'ler ve hatta kripto para birimlerindeki kısa, orta ve uzun vadeli eğilimlerin yoğunluğunu doğru bir şekilde belirler. Terminalinizin sunduğu her şeyi analiz edebilirsiniz. Deneyin ve işlem yaparken zamanlamanızın nasıl önemli ölçüde iyileştiğini deneyimleyin. IX Power Temel Özellikler 100 hassas, yeniden boyanmayan hesaplama sonuçları - terminalini
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FX Power MT4 NG
Daniel Stein
5 (7)
Sabah Brifingimiz burada mql5 ve on Telegram! FX Power MT4 NG , uzun zamandır çok popüler olan döviz gücü ölçerimiz FX Power'ın yeni neslidir. Peki bu yeni nesil güç ölçer ne sunuyor? Orijinal FX Power hakkında sevdiğiniz her şey PLUS GOLD/XAU güç analizi Daha da hassas hesaplama sonuçları Ayrı ayrı yapılandırılabilir analiz dönemleri Daha da iyi performans için özelleştirilebilir hesaplama limiti Özel çokluDaha fazlasını görmek isteyenler için örnek ayarlar Her grafikte en sevdiğiniz renkler i
ŞU ANDA %31 INDIRIMLI !!! Yeni Başlayanlar veya Uzman Tüccarlar için En İyi Çözüm! Bu gösterge benzersiz, yüksek kaliteli ve uygun fiyatlı bir ticaret aracıdır çünkü bir dizi tescilli özellik ve gizli bir formül ekledik. Yalnızca BİR grafikle 28 döviz çiftinin tümü için Uyarılar verir. Yeni bir trendin veya scalping fırsatının tam tetik noktasını belirleyebildiğiniz için ticaretinizin nasıl gelişeceğini hayal edin! Yeni temel algoritmalar üzerine inşa edilen bu sistem, potansiyel işlemler
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Bernhard Schweigert
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ŞU ANDA %20 INDIRIMLI! Herhangi bir Acemi veya Uzman Tüccar için En İyi Çözüm! Bu Gösterge, Egzotik Çiftler Emtialar, Endeksler veya Vadeli İşlemler gibi herhangi bir sembol için para birimi gücünü göstermek için uzmanlaşmıştır. Türünün ilk örneğidir, Altın, Gümüş, Petrol, DAX, US30, MXN, TRY, CNH vb. gerçek para birimi gücünü göstermek için 9. satıra herhangi bir sembol eklenebilir. Bu benzersiz, yüksek kaliteli ve uygun fiyatlı bir ticaret aracıdır çünkü bir dizi tescilli özelliği ve yeni
Top Bottom Tracker , piyasa trendini analiz eden ve trendin en yüksek ve en düşük seviyelerini tespit edebilen sofistike algoritmalara dayanan bir göstergedir / MT5 sürümü . Fiyat 500$'a ulaşana kadar kademeli olarak artacaktır. Sonraki fiyat --> $99 Özellikler Yeniden boyama yok Bu gösterge, yeni veriler geldiğinde değerlerini değiştirmez İşlem çiftleri Tüm forex çiftleri Zaman Dilimi Tüm zaman dilimleri Parametreler ==== Gösterge yapılandırması ==== Konfigürasyon param
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
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Sürüm 2.1 2020.05.23
1. Modify calculation method so it is not repainting anymore. For higher time frame, it will start calculation from previous candle
2. Add candle shadow into the weight index calculation.
Sürüm 2.0 2018.03.01
Fixing some bugs.