What Really is Momentum ?

[What Really is Momentum ?]

Hi! It another indy that can help to determine momentum condition.....nothing new, the base is

 

3 fantail's from this thread about momentum discernment. http://www.traderslaboratory.com/forums/24/walter-s-forex-vma-trend-scalps-2558-15.html

 

p.s for NT7

FM.zip

[What Really is Momentum ?]

When I try to use NT version on JPY pairs and compare with thinkoswim it show different

 

picture, MT4 version not have that issues. May be somebody true programmer can correct

 

this.

[What Really is Momentum ?]

Ok, full and clear answer

 

Here it mt4 vertion it correct work as on USD pairs, as on JPY pairs(NT version not, do not

 

know why, formulas in algorithm is the same ).

VininI_Cyber Cycle.mq4

[What Really is Momentum ?]

Hi Walter. I count your moves as 1 and 2, also add 3,4. The 3-d move can give as some profit

 

(with reenter trade,depending from approach), 4-d probably loss trade, because downmove will

 

not develop. I want to ask about criteries, when you find that market on momentum. For

 

example I like to see that indicator out of (-1) - 1 (0,001) zones and inflections not touch -0,5-

 

0,5(0,0005) lines. Sorry if question not exactly about theme of the thread.

 

Regards.

[What Really is Momentum ?]

....and little bit more changes- all that in previos vertions, just add color (optional)

 

now we can be alerted by sound, popup-window and color changes when indicator cross

 

thereshold levels.

CyberCycleColor.zip

[What Really is Momentum ?]

Hello Walter, to choose/change sound file, just write name of the file ( name . wav) in to the

 

indicator settings - "AlertWavFileName". C:\Program Files\NinjaTrader 6.5\sounds - it folder

 

for sound files. Hope I correct understand you.

 

P,S I add in last indicator popup-window function

CyberCycle.zip

[What Really is Momentum ?]

....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)

CyberCycleAlert.zip

[What Really is Momentum ?]

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.

CCAlert.zip

[What Really is Momentum ?]

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:confused: It will be great if someone can make it

 

indicator correct.

CyberCycle_with_alert.zip

[What Really is Momentum ?]

I'm interested in having the easy language version of the indicators supplied in this thread.

Kit could u post a screenshot.

Thanks

 

Here it is. Hope I correct understand you

[What Really is Momentum ?]

Usefull method..indicator to determine correct momentum condition to trade the

 

chimp method or another, when we realy need in strong inertia of the market, I begin better

 

descerning when trade or not by the chimp. Thank you Walter. Let me share indicator,

 

which I find on net, make little bit changes in code and now it looks same as on

 

thinkoswim.

 

p.s for NT.

NTCC.zip

[What Really is Momentum ?]

Just find two indicators for momentum descerning ,Vininl_Cyber looks the same as on

 

thinkoswim, second have a little bit more filtering component and may be someone find it

 

usefull for momentum trading.

 

p.s. Whalter, glad to see you on the forum again, ii

Trend direction & force index.mq4

VininI_Cyber Cycle.mq4

[Walter`s Forex "Trend Trades"]

Thanks for so many kind words guys... I will be starting a new public thread on how to select correct momentum conditions..

 

Same here, method wont work on the wrong context... I continue on the thread, cheers Walter.

 

Hello Walter ! Hugo thanks for your work there. Where your plan to begin new thread about

 

correct momentum condition ?