Momentum-Solo is a simple „real Momentum Time-based Indicator"


Momentum-Solo, Vers. 22.5, description-list for all parameters

  • The indicator will inform about the strength (Momentum), an impulse in the appropriate direction
  • it's based on a self-developed candle Pattern, in relation to the ATR (Average True Range)

  • Filter

    • Weekdays and Hours => let's get Momentum to the right time
      • Correlation => signals only when a second, or a third instruments move in the same or inverse direction
      • MACD => short signals below 0 and below signal-sma, long signals over 0 and above signal-sma
      • RSI level above X / below X, (0-100), default 50
      • Stochastic level above X / below X, (0-100), default 50
      • PSAR => arrows in PSAR direction
      • Bollinger Bands => arrows in upper- / lower- Band direction
      • Keltner-Channel  => Trend- and Sideways-Filter
      • Coffee-Break, based on Rob Hoffman's Inventory Retracement Bar (IRB)
      • Close to Trend => avoids too many signals while the trend runs, use 4 active variables at the same time
  • Alerts

    • alert, push-notification, arrows, send 3 different emails, screenshot
  • Advantages

    • Signal after close, no repaint, no cross-over signal
    • Time-Frames M5 to D1
    • all instruments supported
    • it is based on relation to the ATR
    • send custom email header and content
    • several periods of sideways movement will be hidden
    • involve one or two other correlating instruments as a filter
    • the indicator will inform about strength in the appropriate direction
    • all filters are based on moving averages, and if you like, MACD, RSI, PSAR, Bollinger Bands or Keltner Channel

    • select Weekdays and Hours
    • ========================
    • => let's get Momentum to the right time
    • => avoid weak trading hours, like Asian session
    • => leave unstable weekdays out, concentrate on powerful days


  • Settings

    • -----------------------------------------------------------------------------------
    • set Time-Filter - if true, Momentum-Solo will work between the following hours only
    • -----------------------------------------------------------------------------------
    • Day of the week Start / End- if active, Momentum-Solo will work between the following days only
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    • first Arrow only after Trend-Change - if true, it shows the first arrows only, after a change of direction 
      • true & after Midnight => now you will get a new signal in the same direction within a new period, provided that the function Time-Filter is turned on
    • -----------------------------------------------------------------------------------
    • Momentum - define the strength of the momentum candle 
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    • Trading-Strategies, for details - goto my Homepage https://clausforex.com/trading-strategies/
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    • Email-A - if true, it shows the selected info in header and the first line of the email.
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    • Email-B - if true, it shows the selected info in header and the first line of the email.
    • - ----------------------------------------------------------------------------------
    • Alert - activates the alert-pop-up-window.
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    • Notification - if true, it sends the alert to the MT4 APP of your smartphone.
    • - ----------------------------------------------------------------------------------
    • Screenshot - if true, it sends the alter with a screenshot to ...\MQL4\Files 
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    • @ Pro-Settings:
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    • Time-Zones:  Local | Broker | UTC/GMT
      • Time zones can be displayed horizontally and vertically
    • -----------------------------------------------------------------------------------
    • Pivot-filter - use daily Pivot as a secondary Trend
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    • MAs global Setup
      • MAs sequence does not matter
      • MAs need to be in sequence


        • Trend MA I - Value of the MA-filter I 
        • Trend MA II - Value of the MA-filter II
        • Trend MA III - Value of the MA-filter III
        • Trend MA IV - Value of the MA-filter IV
    • -----------------------------------------------------------------------------------
    • Correlation I - the name of the instrument you want to compare
      • Correlation Correlation Direction
        • Trend-Correlation
        • negative Correlation
    • Correlation II - the second name of the instrument you want to compare
      • Correlation Correlation Direction
        • Trend-Correlation
        • negative Correlation
      • Correlation Trend MA - Value of the Correlation - MA
    • -----------------------------------------------------------------------------------
    • MACD Trend-Direction 

        • MACD Filter off
        • MACD in traditional Signal
        • MACD in Counter-Direction
        • MACD in Trend-Direction
        • MACD in Trend-Direction above/below 0
    • -----------------------------------------------------------------------------------
    • RSI Level-Filter - RSI level above X (0-100) and below X (0-100), default 50
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    • Parabolic Sar filter - a Momentum-arrow occurs in the PSAR-direction
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    • Bollinger Bands filter -  a BB-arrow appears in upper- / lower- Band direction
      • Reaction-Candle => choose the price when a band is considered exceeded
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    • calculate Keltner - Momentum is displayed inside or outside of the Keltner channel, depending on the selection
      • Channel Inside  //  Channel Outside
        • if true => it will draw Keltner Channel | Color: # 2 3 4
        • if true (& draw Keltner Channel = true) => it will draw leading Keltner lines | Color: # 5 6 7
    • -----------------------------------------------------------------------------------
    • Coffee-Break Setup   =>  based on Rob Hoffman's Inventory Retracement Bar (IRB)
      • Coffee-Break off
        • Coffee-Break
        • Coffee-Break-Reverse
          • Coffee-Break & Reverse
      • Coffee-Break-Size in %
    • -----------------------------------------------------------------------------------
    • Momentum close to Trend only - if true, shows arrows close to the MAs that are predefined in the settings below.
    • -----------------------------------------------------------------------------------

    • @ Alert- / Email- Settings:
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    • Account Description to all receivers / „default" = your Broker-Name 
    • send Alert-Price to all receivers, H | L
    • for Alert and Notification => brief Comment
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    • Screenshot-Picture will be saved in ...\MQL4\Files 
    • Screenshot-Picture width - default is 1280
    • Screenshot-Picture height - default is 720
    • Screenshot-Picture => short Comment (this is for an additional comment for the file-name of the picture)
    • -----------------------------------------------------------------------------------
    • Time-Zone sending via E-Mail:  choose the Time-Zone you wish to have in your emails  =>  Broker Time | Local Time | UTC/GMT
    • -----------------------------------------------------------------------------------
    • Date, Time in Header Email-A
    • Date, Time in Email-A
    • -----------------------------------------------------------------------------------
    • Date, Time in Header Email-B
    • Date, Time in Email-B
    • -----------------------------------------------------------------------------------
    • Email A=> brief Comment
    • Email B=> brief Comment
    • -----------------------------------------------------------------------------------
    • Email Header
    • Email Footer   default is = "Copyright © year, your name"
    • -----------------------------------------------------------------------------------
    • Email C   with custom Header and Content
    • Email Header, long - message for upwards arrows only, change this text for your needs
    • Email Header, short - message for downwards arrows only, change this text for your needs
    • Email Content, long - message for upwards arrows only, change this text for your needs
    • Email Content, short - message for downwards arrows only, change this text for your needs
    • -----------------------------------------------------------------------------------
    • send Trade-Level ! not reliable, on your own risk
    • -----------------------------------------------------------------------------------

    • @ Arrows:
    • -----------------------------------------------------------------------------------
      • Arrow Style - choose an arrow-style => no kidding, if you set up the Momentum-Solo-Indicator for Email-Info only, mark it with an Envelope-Symbol in the chart, and the same for a Push-Notification only with a Phone-Symbol
      • Arrow Position - default is 1.6 / nice to have, if you compare settings with a second / third indicator
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      • custom Signs =>> Wingdings Font  https://www.mql5.com/en/docs/constants/objectconstants/wingdings
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    • @ Status on screen:
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    • Vola, Spread, Countdown, Time - it shows the information on the Volatility today, the current spread, and the countdown of the current period
    • clear Chart for stand-alone-window (now you can get the @Status-on-screen in a clean stand-alone-chart)
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    • Bars to process - at least 500 recommended
    • Bar-Warning On | Off - an Alert occurs, if below 500 candles
  • End_____________________________
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any questions?
please let me know => MQL5 cld


Buy Momentum solo customer indicator in the store selling algo trading systems

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