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KT Momentum Arrows MT5

5

KT Momentum Arrows Indicator is based on a momentary breakout which is calculated using the bands deviation and emerging volatility in a certain direction.

A buy signal is generated when the price closes above the upper band and a sell signal is generated when the price closes below the lower band.

A magnitude coefficient is used as the input which affects the band deviation and volatility at the same time. The coefficient value should be carefully selected and analyzed based on the instrument and time frame.

MT4 version of the same indicator is available here KT Momentum Arrows MT4


Key Features

  • No Repaint!
  • A great entry tool for momentum traders.
  • Performance analysis elements such as Win/Loss, Success rate, Avg. Profit etc.
  • Suitable for Day Traders, Swing Traders, and Scalpers.

Input Parameters

  • History Bars: Number of bars to use for indicator data calculation.
  • Magnitude Coefficient: A single coefficient to adjust the band deviation and volatility measurement.
  • Performance Analysis: Show/hide performance analysis including the profit trend lines. 
  • Alert Settings: Pop up, Email, Push notifications and Sound alerts are available.
  • Rest of the inputs are self-explanatory.

EA Developers

// Defining Arrays

double Buy_Signal[];
double Sell_Signal[];
double Upper_Band[];
double Lower_Band[];

// Indicator handle

int KT_Momentum_Arrows_Handle = iCustom(_Symbol,0,"Market/KT Momentum Arrows");

// Copying buffers into the arrays

CopyBuffer(KT_Momentum_Arrows_Handle,0,1,1,Buy_Signal);
CopyBuffer(KT_Momentum_Arrows_Handle,1,1,1,Sell_Signal);
CopyBuffer(KT_Momentum_Arrows_Handle,2,1,1,Upper_Band);
CopyBuffer(KT_Momentum_Arrows_Handle,3,1,1,Lower_Band);

// Detecting the buy/sell signals

if(Buy_Signal[0]!=0)
 {
  // Do something with buy condition
 }

if(Sell_Signal[0]!=0)
 {
  // Do something with sell condition
 }

Comentarios 3
elkonsis
240
elkonsis 2021.09.17 16:06 
 

Best indicator I've ever bought.

Also, the author is very involved.

Evren Caglar
3998
Evren Caglar 2020.06.17 16:51 
 

I am using for some time. Overall I liked it very much. It can be used on any pair. When it shows an arrow, it is a sign for buy or sell. Success rate is above 90% of all pairs I have used. However, entering trade is a little bit tricky. I usually wait for price retrievals to enter a trade. Do not be in a hurry to enter also do not forget to decide how to exit.

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Alexey Minkov
5 (6)
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3 (2)
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Despite the popularity of inside bar pattern among the traders, using it as a standalone signal doesn't provide any edge in the market. KT Inside Bar Advanced indicator solves this problem by combining the classic inside bar pattern with the "ECE" cycle and Fibonacci extensions. Using this indicator in place of our classic inside bar indicator will provide a tremendous advantage and edge in the market. What is the ECE cycle? In financial markets, the price never moves in a straight line bu
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Despite the popularity of inside bar pattern among traders, using it as a standalone entry signal doesn't provide any evidentiary advantage. KT Inside Bar Hunter trades only selected inside bar patterns using some preassessment and ECE price action cycle. Trading Strategy On successful detection of the required pattern, EA places a pending order in the direction of the forecasted price expansion phase. Pending orders are canceled if they are not triggered within the next bar. Once triggered,
KT Stoch Divergence MT4
KEENBASE SOFTWARE SOLUTIONS
Divergence is one of the vital signals that depicts the upcoming price reversal in the market. KT Stoch Divergence shows the regular and hidden divergences build between the price and stochastic oscillator. Limitations of KT Stoch Divergence Using the Stochastic divergence as a standalone entry signal can be risky. Every divergence can't be interpreted as a strong reversal signal. For better results, try to combine it with price action and trend direction. Features Marks regular and hidde
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KT RSI Divergence robot is a 100% automated expert advisor that trades regular and hidden divergence built between the price and Relative Strength Index (RSI) oscillator. The divergence signals are fetched from our freely available RSI divergence indicator. Not every divergence ends up in a successful price reversal, that's why this ea combines the raw divergences signals with its inbuilt technical analysis module to exploit the price inefficiency that occurs after some selected divergence si
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elkonsis
240
elkonsis 2021.09.17 16:06 
 

Best indicator I've ever bought.

Also, the author is very involved.

Evren Caglar
3998
Evren Caglar 2020.06.17 16:51 
 

I am using for some time. Overall I liked it very much. It can be used on any pair. When it shows an arrow, it is a sign for buy or sell. Success rate is above 90% of all pairs I have used. However, entering trade is a little bit tricky. I usually wait for price retrievals to enter a trade. Do not be in a hurry to enter also do not forget to decide how to exit.

OLIVER GYILA
2466
OLIVER GYILA 2020.03.13 15:17 
 

El usuario no ha dejado ningún comentario para su valoración

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Versión 3.0 2022.07.19
- Added drag n drop MTF scanner and MTF alerts.
- Bugs squashing.
Versión 2.3 2021.09.23
- Symbol and Time-frame information added to the alerts.