Momentum solo

Momentum-Solo is a simple momentum Informer

• The indicator will inform about strength in the appropriate direction
• It is based on a minimum candle size and candle body in relation to the ATR

Filter

• PSAR => arrows in PSAR direction only
• MA, MA-Channel => Trend- and Sideway-Filter
• MACD => short signals below 0 only, long signals over 0 only
• Close to Trend => avoids too many signals while the trend runs
• Correlation => signals only when a second, or a third instruments moves in the same direction

alerts

• alert, push-notification, arrows, send email, screenshot

Advantages

• Signal after close, no repaint, no cross-over signal
• Timeframes M5 to D1
• All instruments supported
• It is based on relation to the ATR
• Send custom email header and content
• Several periods of sideways movement will be hidden
• Involve one or two other correlating instruments as a filter
• The indicator will inform about strength in the appropriate direction
• All filters are based on moving averages, and if you like, MACD or PSAR

important rule

• Look for an instrument with an obvious upcoming movement in a clear direction on a higher timeframe.
• Entry after an Arrow => waiting for the pull back or wait for a second higher / lower candle, plus / minus a few pips.
• Entries => above and below channels after first pull-back (price comes back to the channel and touches it).
• Exit example => after a close beyond a High/Low of MA, here like 12 EMA H/L.
• Exit example => after a trailing stop (take the distance between SL and Entry).
• Exit example => major Fibonacci and dynamic support/resistance Lines. Use the same to move your stop and for taking first profits.
• If the trade still runs, ignore further arrows.
• SL below/above the second higher/lower candle.

Example

• Higher Timeframe => H4
• Trading Timeframe => H1
• Look for an instrument with an obvious upcoming movement in a clear direction on H4, look for an opportunity on H1

Input parameters

• Bars to process - the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
• show Vola today, Spread, Countdown - if true, it shows information about the volatility for today, the current spread and the countdown of the current period.
• alert - activates the pop-up alerts.
• alert - the chosen info will be in the header and the first line of an email, if Email is enabled.
• Email - if true, it shows the selected info in header and the first line of the email.
• Notification - if true, it sends the alert to the MT4 APP of your smartphone.
• Screenshot - if true, it sends the alter with a screenshot to ...metaTrader 4MQL4Files.
• show first alert-Arrow only "Live-Setting" - if true, there is no history arrow, only the first upcoming arrow of the trend direction will appear and stay, as long as the timeframe and instrument won't be changed.
• show Arrows - if true, it shows the chosen arrows only.
• Trend-Strength - predefined EMA with different settings provide the filter for the momentum.
• very strong Momentum - if true, the momentum stands for solid candles and almost no wicks.
• Momentum close to Trend only - if true, shows arrows close to the MAs that are predefined in the settings below.
• Trend plus % of ATR - the distance from the MAs to the candle will be calculated by the size of the current ATR in the current period.
• Parabolic Sar filter - a Momentum arrow occurs in the PSAR direction only (0.02 is recommended).
• Parabolic Sar Step - value for Step.
• Parabolic Sar maximum - value for Maximum.
• Arrow Style - choose a arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
• Arrow Position - default is 0.6. Nice to have if you compare settings with a second/third indicator.

nclick="viewGallery_GalleryManager.GoToPrev();"> nclick="viewGallery_GalleryManager.GoToPrev();">

ta itemprop="image" content="https://c.mql5.com/31/229/momentum-solo-screen-5008.jpg" />

nclick="viewGallery_GalleryManager.GoTonext();"> nclick="viewGallery_GalleryManager.GoTonext();">