Gold Momentum Arrows
- Индикаторы
- Pieter Gerhardus Van Zyl
- Версия: 1.0
- Активации: 10
Gold Momentum Arrows is a custom non repaint indicator designed to signal market momentum shifts, particularly for gold trading.
It calculates momentum by comparing current and previous closing prices, normalizing the change using ATR volatility, and applying a sensitivity weight.
Visual non repainting buy and sell signals are represented by aqua up arrows and yellow down arrows, respectively, placed with defined offsets from price bars.
The indicator also provides configurable message and sound alerts, ensuring timely notifications.
Its modular design and frequent chart refresh improve signal accuracy and reduce noise, offering traders a balanced and dynamic approach to momentum trading effectively.
Symbol - xau/usd only
Timeframe - 5m