280
by Jedidiah
Jimmy wrote: Sat Aug 03, 2019 9:44 pm
Here is an interesting one from our archives. It's the Traditional MACD Histogram with Momentum and it was originally coded by Nessk (Joao Nunes) & optimized by Mrtools (according to the notes).
Although quite simple in nature, it is ideal for those who are looking for the Traditional MACD Histogram indicator for MT4 with the added:
- Zero Line Cross Alert
- Momentum "Reversal" Alert
The Momentum "Reversal" Alert can help traders to identify trend exhaustion and most importantly fake breakouts.
The concept of a MACD Histogram with Momentum indicator combined was originally described by Tom Aspray back in the 80's:
PS: Updated and optimized version by Mrtools here:
Updated 2019 Traditional MACD Momentum indicator for MT4
mrtools wrote: Sat Aug 10, 2019 10:25 am
Think this version is the same,(just noticed the rsioma)
but please test it.
Banzai wrote: Fri Aug 16, 2019 4:37 am
No more templates. I give you the
TMA ATR Channel indicator from ATR Multiplier 1.618 to 3.236.
It has Multi-Time Frame and alerts when the prices hit one of the band in the channel.
For the prices, you get to choose from the basic 7: Close, Open, High, Low, Median, Typical, or Weighted.
Not for sale, rent, auction, nor lease
Jimmy wrote: Sun Aug 18, 2019 1:17 am
Here is a special indicator that was made by Mrtools. It was a gift to the Forex-TSD Forum members for Christmas in 2013 and it came with lots of neat features such as Multi-timeframe + Interpolation, Hidden & Classic OsMA Divergences, Histogram options & much more.
Till this day it's still an amazingly good tool so it has to be included in our MACD Indicators thread!
Thank you "Spiderman" Mrtools for your selflessness and generosity since day one! Here's a throwback to that post on TSD!
Jimmy wrote: Fri Oct 11, 2019 5:40 pm
Why are you yelling bro?
How to use Momentum Scalper for MT4
The height and colour of the bars tells us the strength of the scalping trend.
- Red bars represent market moves to the downside.
- Blue bars represent market moves to the upside.
- Grey bars represent ranging (quiet) markets.
- White bars represent the market running out of steam.
- Orange bars represent retracement is due.
Chart background colors
- Green chart background means the overall trend is UP (Look for entries to the upside).
- Pink chart background means the overall trend is DOWN (look for entries to the downside).
The colour of the bars will change despite the market trend shown by the chart background colour. So for instance, a red bar can appear whilst the chart background is green which indicates a short-term downtrend (or pullback) within a general uptrend.
Just like the CCI, the -100 and 100 areas are considered Oversold/Overbought.
PS: Link to the Momentum Scalper for MT4 updated by Mrtools,
Momentum Scalper.
mrtools wrote: Tue Nov 05, 2019 12:02 pm
This is a upgrade of the dsl trend trigger factor, using the prices in a different way seems like it made it a bit better.
mrtools wrote: Thu Nov 07, 2019 7:08 am
Try this one.
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.