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DSProFx Momentum Indicator

DSProFx Momentum Indicator is a forex indicator that works based on market price momentum calculation which shows combination of two different timeframes.


Concept

DSProFx Momentum Indicator works in any timeframe with the main concept is giving momentum index to each candle or bar which is calculated from the Bar Volume, LookBack Period and Candle Direction (Bearish or Bullish).


Formula

Momentum Index = Sum (Bar Volume * Weight) / Total Weight.


Features

DSProFx Momentum Indicator is a separate window indicator with some features:

  1. Consist of two different type of signal : histogram (upper) and arrow (lower). The upper signal shows the momentum index of current chart while the lower signal shows the momentum index of the second timeframe (which is higher than current chart timeframe).
  2. Both signal have their own color to show the momentum (up or down). The upper signal (histogram) shows the color and index as well, while the lower signal (arrow) only shows the color.
  3. There are options to activate the alert system (Pop up alert, email and push notification). Alert will be sent if both signal (histogram and arrow) shows the same signal.
  4. Visualization of the signal can be changed in color and width.


How to Use

Actually, the bar momentum can be seen clearly on the histogram signal that calculated by the current chart candles. To avoid false signals, the arrow signal calculated by the higher timeframe can be used as the filter.


Parameters

  • TimeFrame1 - current timeframe. Should be lower than TimeFrame2.
  • LookBackPeriod1 - number of candles behind (from TimeFrame1) that affect the momentum calculation of the histogram signal.
  • Calculation_Method1 - method of calculating the momentum index. There are two options:
    • Simple calculation: give the same weight to all candles or bars of LookBack Period.
    • Weighted calculation: give the maximum weight to the last (running) candle and minimum weight to the farthest candle based on LookBack Period.
  • TimeFrame2 - higher timeframe.
  • LookBackPeriod2 - number of candles behind (from TimeFrame2) that affect the momentum calculation of the arrow signal.
  • Calculation_Method2 - method of calculating the momentum index. There are two options:
    • Simple calculation: give the same weight to all candles or bars of LookBack Period.
    • Weighted calculation: give the maximum weight to the last (running) candle and minimum weight to the farthest candle based on LookBack Period.
  • Pop_Up_Alert - (true/false) option to activate the pop up alert.
  • Email_Alert - (true/false) option to send email alert.
  • Push_Notification - (true/false) option to send notification alert.
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Indicateurs
Reversal First Impulse levels (RFI)    INSTRUCTIONS        RUS       -       ENG              R ecommended to use with an indicator   -   TPSpro  TREND PRO -  Version MT5 A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. Main functions: Displaying activ
Order Block Hunter
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Order block hunter indicator is the best indicator for  hunt the order blocks that area where there has been a large concentration of limit orders waiting to be executed Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction .This indicator does that for you by using very complicated codes and helps you to take the best areas To buy and sell because it make marks at the best a
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Scalper Vault est un système de scalpage professionnel qui vous fournit tout ce dont vous avez besoin pour un scalpage réussi. Cet indicateur est un système de trading complet qui peut être utilisé par les traders de forex et d'options binaires. Le délai recommandé est M5. Le système vous fournit des signaux fléchés précis dans le sens de la tendance. Il vous fournit également des signaux supérieurs et inférieurs et des niveaux de marché Gann. Les indicateurs fournissent tous les types d'alertes
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Indicateurs
Une stratégie intraday basée sur deux principes fondamentaux du marché. L'algorithme est basé sur l'analyse des volumes et des vagues de prix à l'aide de filtres supplémentaires. L'algorithme intelligent de l'indicateur ne donne un signal que lorsque deux facteurs de marché se combinent en un seul. L'indicateur calcule les vagues d'une certaine plage sur le graphique M1 en utilisant les données de la période la plus élevée. Et pour confirmer la vague, l'indicateur utilise une analyse en volume.
Chart Patterns All in One
Davit Beridze
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Bernhard Schweigert
4.9 (271)
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CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potenti
Break and Retest
Mohamed Hassan
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This Indicator only places quality trades when the market is really in your favor with a clear break and retest. Patience is key with this price action strategy! If you want more alert signals per day, you increase the number next to the parameter called: Support & Resistance Sensitivity.  After many months of hard work and dedication, we are extremely proud to present you our  Break and Retest price action indicator created from scratch. One of the most complex indicators that we made with ove
AW Trend Predictor
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Version 2.1 2020.05.23
1. Modify calculation method so it is not repainting anymore. For higher time frame, it will start calculation from previous candle
2. Add candle shadow into the weight index calculation.
Version 2.0 2018.03.01
Fixing some bugs.