Amunra5 wrote: ↑
Fri Feb 14, 2020 3:56 pm
mrtools wrote: ↑
Fri Feb 14, 2020 2:12 pm
Don't think so, do you have any more information on it?
hope we can have this indi for fs community.
cant post wbsite per fs rules. but the info on its site says:
Non-Repainting Indicator that is based on combined angular momentum of price levels using configured period as main reference.
It is sensitive to the change of angular momentum on lower periods.
Yellow Line – Market is trending up
Red Line – Market is trending down
Blue Line – Angular Momentum
You can use this indicator on any time frame without the need to configure any moving average period.
Alert - Set alert to true if you want to be notified by MT5 platform for each new change in angular momentum direction.
Notification - Set notification to true if you want the notification to be sent to MT5 mobile app.
Period - Set the period in consideration for the general direction of the trend.
How to use
When you see a Yellow Line, wait for the blue line to go to the lowest point and trade only when it is moving back up.
When you see the Yellow Line is changed to Red Line, you should attempt to close your trades that are on the wrong direction of the market soon.
When you see a Red Line, wait for the blue line to go to the highest point and trade only when it is moving back down.
When you see the Red Line is changed to Yellow Line, you should attempt to close your trades that are on the wrong direction of the market soon.
Place 2 angular momentum indicators with H1 and H4 on your chart to trade existing trends.
Global variable written
[AM][Symbol][Period] - It is the general direction of the trend (1 is bullish trend, -1 is bearish trend).