MA Momentum - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Two lines - a simple "Momentum" indicator and a "Momentum" indicator smoothed with a "Moving Average".
rice. 1. Momentum Master
We are looking for the moment when the indicator lines cross: if the cross is below the "100" level, then this is a signal to open a buy position; if the recalculation is above the "100" level, then this is a signal to open a position.
Attachment download
📎 ma_on_momentum.mq5 (19.6 KB)
Source: MQL5 #39142
MA Momentum - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
MA Momentum - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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