Momentum-Solo-Simple momentum indicator

• The indicator will indicate the force in the corresponding direction
• It is based on the minimum size and body of the candle relative to the ATR

• 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

• Alerts, push notifications, arrows, email alerts, screenshots

• 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).
• Parabolic Sar Step – the PSAR step.
• Parabolic Sar maximum – maximum PSAR.
• 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.

• Parabolic Sar Step – the PSAR step.
• Parabolic Sar maximum – maximum PSAR.

• 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:

• All Timeframes M5 -> D1 always Trend MA = 12
• 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
• H1 – Trend MA = 31
• H1-Trend MA II = 124 refers to H4
• H1 – Trend MA = 31 MA Shift = 31
• very strong Momentum = true
• (try Momentum close to the Trend = true)

• 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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