Momentum_Signal - indicator for MetaTrader 5

Momentum_Signal – indicator MetaTrader 5

by

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.


Momentum_Signal – indicator MetaTrader 5
📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks
Alternative:   Exp_ColorZerolagStochs - indicator MetaTrader 5

Similar MetaTrader Trading Tools: