Momentum Signal MT5 Indicator

0
645

Momentum Signal oscillator is based on Momentum, CCI, ATR, RSI and ADX indicators. It sets the market entry moment and direction.

There are seven configurable parameters:

  • CCI period – CCI indicator parameter;
  • ATR period – ATR calculation period;
  • Momentum period – Momentum calculation period;
  • RSI period – RSI calculation period;
  • ADX period – ADX calculation period;
  • Signal line offset – signal line shift relative to the oscillator line;
  • Momentum line offset – oscillator line shift relative to 0.

Calculation:

Momentum = (ATR+CCI+RSI) / ADX - Momentum line offset
Signal = Momentum / (ATR+ADX) - Signal line offset
Interpretation: Oscillator line crossing the signal one displays the market entry direction.

MT5 Indicators – Download Instructions

Momentum Signal MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Momentum Signal MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

Recommended Forex Metatrader 5 Trading Platform

  • Free $30 To Start Trading Instantly
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Awards Winning Trading Broker

xm account

Click Here for Step By Step XM Trading Account Opening Guide

How to install Momentum Signal MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download Momentum Signal MT5 Indicator.mq5
  • Copy Momentum Signal MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Momentum Signal MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Momentum Signal MT5 Indicator.mq4 is available on your Chart

How to remove Momentum Signal MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Momentum Signal MT5 Indicator (Free Download)

Click here below to download:



Download Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here