[walterw]

Originally Posted by Kit »

Try to add alert when indicator cross 0.0005/-0.0005 levels,.... but in that case we can't

manage levels( where you want hear alerts), type of alerts and on/off alert by extern settings

panel... only by NinjaScriptEditor:confuse d: It will be great if someone can make it

indicator correct.

Thanks Kit, I will take a look on it... cheers Walter.

[walterw]

So lets see how EUR/USD did monday and tuesday... on monday the US session was impressive, the more further from the threshold box, te more momentum you can expect... cheers Walter.

[Kit]

Check previos indicator...it not ringing , dont know why( for MT4 write alert-mesage more

simple that for NT) Rewrite alerts block( take some examples from another forums), check it,

now it make alert when indicators line cross level that you can change from "settings", also

possible change on/off and alert file name.

[Kit]

....and little bit more changes in indicator: add friquency settings and now it will ringing only

during next bar after crossing momentum level( shure it more comfortable then previos)

[walterw]

Originally Posted by Kit »

....and little bit more changes in indicator: add friquency settings and now it will ringing only

during next bar after crossing momentum level( shure it more comfortable then previos)

Sounds great Kit, I am very greatfull for your contribution. I will be taking a look on the alarms during live trading hours next week... have a great weekend, cheers Walter.

[walterw]

Hello fellow traders hope you got a great weekend and a great monday trading you all ¡¡

I will post now the EUR/USD momentum contexts charts for friday and today monday... you will notice how news on friday gave us a great momentum burst to the upside...

On the other hand today we did not have US news, giving a very chopy range wise trading that could only work ok with RRR type strategies...

[walterw]

And lets see how an ES trader did on friday... with great momentum climate...

and how today monday, our indicator told him to stay out on choppiness....

As you can see this momentum filter may help a lot of traders that need to know when to use their normal strategies and when to avoid them due to more or not recomendable momentum conditions.... have a good one, cheers Walter.

[daedalus]

Seems like a real simple method using this momentum filter would simply be to wait for counter trend pullbacks and sell the continuation using buy/sell stops at prior highs or lows of the swings.

This is kind of similar to how you trade using pullbacks and ADXVMA's isn't walter?