MT 5 Momentum Reversal Detection Indicator Download - Free | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Momentum Reversal Detector indicator is one of the MetaTrader 5 oscillators that, with the help of the CCI indicator and MACD histograms , measures price momentum and predicts trend reversal points .

This oscillator shows the change points from an uptrend to a downtrend and vice versa with a black histogram. It also detects momentum on higher timeframes and confirms the correct direction of the trend by changing the indicator's background color to light green.

Indicator Table

Indicators at a glance

The Momentum Reversal Detection Indicator uses a unique algorithm to identify trend reversal points and display them as a histogram for traders. This indicator helps traders accurately detect trend reversal zones .

Additionally, it highlights the following areas: divergence by changing the histogram background , allowing traders to stay informed about price conditions easily.

Uptrend Signals

The image below refers to the Dow Jones index chart with the symbol (US30) on the 1 hour time frame. At the end of a bearish price correction, the indicator's black histogram and oscillator background turn green, in keeping with the momentum on the higher timeframes. Under these conditions, traders can enter Buy Positions using their strategy mode.

Downtrend Signals

The image below refers to the NASDAQ index chart with the symbol (NAS100) on the 1 hour time frame.

At the end of a bullish price move, the indicator's black histogram and oscillator background appear green in the negative oscillator phase, in keeping with the momentum on the higher timeframes. Under these conditions, traders can enter Sell Positions using their strategy mode.

Indicator Settings

• num bars : The number of bars for indicator calculation is set to 1000;
• Momentum Period : The indicator’s momentum period is set to 34;
• Momentum : The calculated momentum of the indicator is set to 125;
• Show different backgrounds : Select the true option to show different backgrounds;
• Positive background color : light green is positive momentum background;
• Show disagreement background : Select the true option to display disagreement;
• UP Divergence Color : Purple is the upper divergence background;
• Downward diverging color : Green is the downward diverging background.

Conclusion

The Momentum Reversal Detector indicator can support a variety of trading strategies when used in conjunction with other technical analysis tools, such as RSI , MACD , and Moving Averages . This Metatrader 5 indicator is particularly suitable for traders looking for precise entry-exit points on short-term and medium-term time frames.