Momentum solo - Free Download and Live result

Momentum-Solo-Simple momentum indicator

PSAR => arrows only in the direction of PSAR
MA, MA-Channel => filter for trend and sideways movement
MACD => Sell signals only below 0, buy signals only above 0
Close to Trend => prevents a large number of signals during a trend
Correlation => signaling only when the second or third instrument is moving in the same direction

Signal after the candle closes, do not redraw, do not intersect
Timeframes from M5 to D1
All tools are supported
It is based on the attitude towards ATR
Sending a message to an email with a custom title and content
Several periods with sideways movement will be hidden
Use one or two correlating tools as a filter
The indicator will indicate the force in the corresponding direction
All filters are based on moving averages, if desired, you can use the MACD or PSAR

Look for an instrument where movement in a certain direction is expected on a higher timeframe.
Enter after the arrow => wait for a pullback or wait for a second higher / lower candle, plus / minus a few pips.
Inputs => above and below the channels after the first pullback (the price returns to the channel and touches it).
Example of exit => after closing outside the maximum / minimum MA (for example: 12 EMA H/L).
Example of exit => by trailing stop (distance between SL and entry level).
Exit Example => significant Fibonacci levels and dynamic support/resistance lines. Use the same for setting the stop loss and take profit.
If the trade is still open, ignore further arrows.
Set the SL below/above the second higher / lower candle.

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Higher timeframe => H4
Trading Timeframe => H1
Look for an instrument with a clear upcoming movement in a certain direction on H4, look for the possibility of entering on H1

Bars to process – the number of bars to analyze (recommended from 60 to 1000).
show Vola today, Spread, Countdown – if true, information about the current day’s volatility, the current spread, and the countdown to the end of the current period are displayed.
Alert-enable pop-up alerts.
Alert-The selected information will be displayed in the header and first line of the email message, if the Email option is enabled.
Email-if true, the selected information is displayed in the header and in the first line of the email message.
Notification – if true, push notifications will be sent to the mobile device.
Screenshot – if true, screenshots will be saved to a folder …MetaTrader 4MQL4Files.
show first Alert-Arrow only “Live-Setting” – if true, the arrows are not displayed on the history. Only the first arrow that appears in the direction of the trend is shown. It will not disappear if you do not change the timeframe and the chart tool.
show Arrows – if true, only the selected arrows are displayed.

Trend-Strength-a trend filter based on the momentum in the form of an EMA with various settings.

very strong Momentum – if true, the momentum is taken into account only for solid candlesticks with almost no shadows.
Momentum close to Trend only-if true, arrows are displayed next to the moving averages specified in the parameters below.

Trend plus % of ATR-the distance from the moving averages to the candle will be calculated based on the current ATR size of the current period.

Parabolic Sar filter – the PSAR filter. The pulse-based arrow appears only in the PSAR direction (0.02 is recommended).

Arrow Style-arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
Arrow Position-arrow position, default is 0.6. Useful when comparing settings with the second / third indicator.

Trend-Strength-a trend filter based on the momentum in the form of an EMA with various settings.

Trend plus % of ATR-the distance from the moving averages to the candle will be calculated based on the current ATR size of the current period.

Momentum close to the Trend = filters out the momentum closer to the higher timeframe
Trend MA = filters out the momentum in the preferred direction of the chart
Trend MA II = filters out the momentum in the preferred direction on the higher timeframe
High price and Low price => builds a channel near the price, used as an additional filter for vertical movements

Try these options when trading on the following timeframes:

D1 – Trend MA II = 12
H4 – Trend MA II = 48
H1-Trend MA II = 48, 48 refers to H4, 288 refers to D1
M30-Trend MA II = 96 (24), 96 refers to H4, 24 refers to H1
M15-Trend MA II = 192, 192 refers to H4, 48 refers to H1
M5-Trend MA II = 36 (144) (576), 36 applies to M15, 144 applies to H1, 576 applies to H4

D1 – Trend MA II = 12
H4 – Trend MA II = 48
H1-Trend MA II = 48, 48 refers to H4, 288 refers to D1
M30-Trend MA II = 96 (24), 96 refers to H4, 24 refers to H1
M15-Trend MA II = 192, 192 refers to H4, 48 refers to H1
M5-Trend MA II = 36 (144) (576), 36 applies to M15, 144 applies to H1, 576 applies to H4

very strong Momentum = true (the body of the candle occupies almost its entire size)
Momentum close to the Trend = true (filters out the momentum closer to the higher timeframe)

I don’t trade after the candle reaches too large a size
Enter only by a clear trend on the higher timeframe
Do not open deals before the release of important economic news
Always consider the support and resistance levels
Do not trade without a money management strategy, calculate your risk, trade wisely
Success is not guaranteed, as in any trade / examples above

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