This indicator is based on the classic Momentum indicator.

The MTF-Momentum indicator shows the indicator data from the four timeframes specified in the input parameters.

Default settings:

• TF1 = 1;
• TimeFrame2b = true;
• TF2 = 5;
• TimeFrame3b = true;
• TF3 = 15;
• TimeFrame4b = true;
• TF4 = 60;
• InpPeriod = 14;
• InpappPRICE = 0;

The values TF1-TF4 can be in the following ranges:

• TF1 – from M1 (1) to H4 (240);
• TF2 – from M5 (5) to D1 (1440);
• TF3 – from M15 (15) to W1 (10080);
• TF4-from M30 (30) to MN1 (43200).

All selected timeframes must be no lower than the timeframe of the current chart.

You can use data from all four or fewer timeframes using the parameters: TimeFrame1b – TimeFrame4b.