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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
 }

Avis 3
elkonsis
240
elkonsis 2021.09.17 16:06 
 

Best indicator I've ever bought.

Also, the author is very involved.

Evren Caglar
4023
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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The Berma Bands (BBs) indicator is a valuable tool for traders seeking to identify and capitalize on market trends. By analyzing the relationship between the price and the BBs, traders can discern whether a market is in a trending or ranging phase. Berma Bands are composed of three distinct lines: the Upper Berma Band, the Middle Berma Band, and the Lower Berma Band. These lines are plotted around the price, creating a visual representation of the price movement relative to the overall trend.
Découvrez l'Indicateur de Scalping Gold Blitz, l'outil ultime pour le scalping de l'or sur les périodes M1, M5 et M15. Développé en utilisant des réseaux neuronaux AI avancés, cet indicateur non repaint garantit une rentabilité constante et des résultats de trading supérieurs. Conçu pour la précision et l'efficacité, l'Indicateur de Scalping Gold Blitz est optimisé pour offrir les meilleurs résultats sur la période M15. Caractéristiques Principales: Réseaux Neuronaux AI Avancés: Profitez de l
Golden Spike Premium
Kwaku Bondzie Ghartey
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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
4023
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 
 

L'utilisateur n'a laissé aucun commentaire sur la note

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