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Excessive Momentum Indicator MT4

200 USD

Demo downloaded: 835

Published: 24 July 2018

Current version: 12.3

Excessive Momentum Indicator MT4

Name: Excessive Momentum Indicator MT4
Price: 200.00 USD
Rating: 4.8333335 (6 reviews)
Author: Young Ho Seo

4.83

Indicators
Young Ho Seo
Version: 12.3
Updated: 4 March 2022
Activations: 5

Introduction

Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and breakout opportunity. The great advantage of Excessive momentum is that it is simple and easy to use. It can go well with most of known techncial analysis including trend indicators, oscillators, Fibonacci trading, harmonic pattern trading, volume spread analysis, Elliott Wave pattern, etc.

Input Settings

A. Indicator settings

Bars To Scan: amount of candle bars to calculate the indicator
Momentum Strength Factor: Momentum Strength is the strength of Excessive Momentum to detect. It stays between 0.1 and 0.5. In theory it can go up to 1.0. But you will not get many signals to trade. The default setting is 0.1. You can try various Momenum Strength Factor to optimize your trading performance if you wish.
Equilibrium Fractal Wave Scale: This input controls the size of Fractal Wave when we detect the excessive momentum. If you put bigger number, then you get less signals to trade. The default setting is 0.5.

B. Graphic settings

Use White Chart: to use white chart, set to true, otherwise, just set to false
Excessive Momentum High Color: Excessive Momentum line color when peak (high) is detected
Excessive Momentum Low Color: Excessive Momentum line color when trough (low) is detected
Auto Fibo Color: Color of Automatic Fibnacci Retracment in your chart

How to use

In the indicator, we provide the automatic Fibonacci retracement to gauge the potential reversal opportunity. Hence, you can readily combine the classic Fibonacci trading setup with our Excessive momentum indicator. Do remember that excessive momentum line is the important support and resistance for your trading. Even though you have measured the Fibonacci ratio correctly for the potential reversal opportunity, the price must cross the excessive momentum line for confirmation. Sometimes, price can bounce off from the excessive momentum line. In this case, we get another reversal trading opportunity from excessive momentum line. Just treat the excessive momentum line as sensible support and resistance for your trading.

Some additional tools to help your trading

With excessive momentum indicator, oscillators like RSI and CCI can be used as secondary confirmation tools. This is the basic requirement for your trading.

With Harmonic Pattern and Elliott Wave pattern

If you want to use Excessive momentum indicator together with Harmonic pattern or Elliott Wave pattern, just replace the Fibonacci retracement with your harmonic pattern or Elliott wave pattern measurement (you will need to use external software for this). Alternatively, you can use Fibonacci retracement together with Harmonic pattern and Elliott wave pattern if you wish.

Trading Strategy Guide

If you want to use Excessive momentum indicator, we also provide the volume spread anlaysis tool kit to assit further with your momentum trading. The volume spread analysis tool kit is available for both free and paid version. You can find the details about them from the link below:

Strategy Guide 1: https://www.mql5.com/en/blogs/post/750346

Strategy Guide 2: https://www.mql5.com/en/blogs/post/750390

Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.

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3351

elite luis 2023.03.09 14:13 #

There are many reversal product in market but this excessive momentum reversal is really very accurate, upon recieve signal just need to wait for 10-20 minutes on lower timeframe m1/m5, it repaint but it works, most indicator out there in the market repaint but that doesn't mean doesn't work as indicator get 50% of job done remaining 50% one need to apply TA and be patience to wait for confluence before entry and exit, am happy with the purchase and bought both mt4+mt5. Thanks author for another quality product 5 stars!

5132

lauro1956 2022.08.24 10:01 #

This indicator... is priceless. I was always lost in my graphics... it centers you, it places you. It is the first indicator that I had of Young Ho and all of them are very well worked, they have filled me with security. 5 stars well deserved

683

Vincent Paul Colombe 2022.01.13 22:30 #

Great to assess slowing momentum. One of the many great indicators I bought from the author.

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Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit ou

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Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days

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Introduction to Chart Pattern MT Chart Pattern MT is a chart pattern scanner to detect the triangle pattern, falling wedge pattern, rising wedge pattern, channel pattern and so on. Chart Pattern MT uses highly sophisticated chart pattern detection algorithm. However, we have designed it in the easy to use with intuitive user interface. Chart Pattern MT will show all the patterns in your chart in the most efficient format for your trading. You do not have to do tedious manual pattern detection an

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Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A

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Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was

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EFW Pattern Trader is a powerful pattern scanner for Forex and Stock trading. The pattern detection in EFW Pattern Trader uses the Fractal Wave Theory, which captures the endless up and down movement of the market. Therefore, EFW Pattern Trader can be considered as the robust price action indicator. Any patterns in EFW Pattern Trader can be backtested visually in your strategy tester. Visual backtesting with pattern will show you how pattern will likely behave in the live trading. Therefore, you

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Introduction To Turning Point Indicator The trajectories of Financial Market movement are very much like the polynomial curvatures with the presence of random fluctuations. It is quite common to read that scientist can decompose the financial data into many different cyclic components. If or any if the financial market possess at least one cycle, then the turning point must be present for that financial market data. With this assumption, most of financial market data should possesses the multipl

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Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenari

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Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone

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Introduction to Double Harmonic Volatility Indicator Use of the Fibonacci analysis for financial trading can nearly go back to 85 years from today since the birth of Elliott Wave Theory by R. N. Elliott. Until now, traders use the Fibonacci analysis to identify the patterns in the price series. Yet, we could not find any one attempted to use Fibonacci analysis for the Volatility. Harmonic Volatility Indicator was the first technical analysis applying the Fibonacci analysis to the financial Volat

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Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for

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Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu

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597

Yusuf Hamzah 2023.11.19 07:35 #

An unique indicator. Just found minor typo with "troug". The reliability is quite convincing. As a caveat, there is a certain range gap for a "peak" or a "trough" to be completed. Overall, the warning (so far) counts.

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elite luis 2023.03.09 14:13 #

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lauro1956 2022.08.24 10:01 #

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Vincent Paul Colombe 2022.01.13 22:30 #

Great to assess slowing momentum. One of the many great indicators I bought from the author.

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Reply from developer Young Ho Seo 2022.03.04 13:52 #

You got the idea exactly. The momentum will be slowing down after they have consumed all the energy in the market. We are looking for the opportunity like this to favour our entry. It is the Momentum Indicator that measures the momentum directly from the price itself. We do not use any lagging technical indicator in it. Use together with our Volume Spread Pattern Detector (Free) or Volume Spread Pattern Indicator (Paid) for better results.

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Justin James Parker 2021.03.18 07:16 #

Awesome indicator! Look forward to trying more from you, also curios to tweaking this with the supply and demand for optimal entry. Very cool!

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Reply from developer Young Ho Seo 2021.03.18 12:08 #

That is the idea. The definition of Accumulation and Distribution area in the Volume Spread Analysis with Richard Wyckoff has a lot of connection with what is known as supply and demand area in the modern trading.

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Mr Luesak Muensri 2020.07.13 09:29 #

Simple but powerful. High Reward/Risk Ratio indicator. If it can detect every timeframe dashboard like X3 Chart Pattern Scanner, It will powerful indicator.

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maithai 2018.07.25 06:02 #

User didn't leave any comment to the rating

Version 12.3 2022.03.04

In version 12.3, we have made some minor improvement on Excessive Momentum Indicator.

Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and breakout opportunity. The great advantage of Excessive momentum is that it is simple and easy to use. It can go well with most of known techncial analysis including trend indicators, oscillators, Fibonacci trading, harmonic pattern trading, volume spread analysis, Elliott Wave pattern, etc.

Version 12.2 2020.12.07

In Version 12.2 of Excessive Momentum Indicator, now you can scan the Excessive Momentum Zone across all timeframe. This a major update for the Excessive Momentum Indicator. The trading concept around the Excessive momentum and Volume Spread Analysis background will be not affected. So you will be trading as you were trading before.

Version 10.7 2020.08.04

In version 10.7, Excessive Momentum indicator provide faster pattern detection algorithm for Excessive Momentum Detection.

Version 10.5 2019.10.04

In version 10.5, we have added input for update frequency for scanning.
To change update frequency for scanning, "Timeframe for Update Scanning" = anything timeframe you want.
Please rememeber that if update is more frequent, then you need more CPU and RAM power.
Bear in mind that. Your MetaTrader can run slowly with too high frequency.

Version 10.3 2019.09.28

In Version 10.3, we have made minor improvement in graphical objects layout. Not too significant change.

Version 10.1 2019.09.27

In version 10.1, we have made the algorithm much simpler. There is no more Phase 1, 2, 3 and 4 in this new version. Now, it will directly detect Excessive momentum without phases. Now it is much easier to trade with the Excessive momentum indicator.

Version 8.3 2018.09.20

In version 8.3, Phase 1 Probe Box, Phase 2, Phase 3 and 4 will be shown in your charts.

Version 7.0 2018.08.24

In Version 7.0, Excessive Momentum indicator will draw triangle automatically. And many powerful features are updated too.

Version 6.6 2018.07.25

In version 6.6, We added a triangle to indicate the strength of excessive momentum. Click over the C line in chart to see them.