![]() ![]() If enabled, colors the price data (bars/candles) using histogram color.Īnchored Momentum, Stocks & Commodities V16:2 (89-98)Ĭomplete list of all my indicators: 5MLo/edit?usp=sharin. Check out the histogram pane below to see an example. This is not histogram per se (indicator - signal), but is used for highlighting the crosses. If momentum smoothing is enabled, this period is used. If TRUE, enables EMA(close) to be used rather than "close". Mr.Stefenel suggests using this like other oscillators - crossing signal line, crossing zero, divergences.įor alerts, use "Momentum", "Signal" and "ZeroLine" plots. AMOM uses SMA as the reference for deriving momentum, thereby anchoring it to that MA rather than "value of close n bars back". The histogram will suggest how strong the current trend is and will tell you when to exit a trade on the trend's weakening.Anchored Momentum (AMOM), by Rudy Stefenel, is a modified momentum indicator to capture the relative momentum. ![]() The main idea behind this indicator is to establish trading ranges during the non-trending phase of the market ( blue squares) to enter on a breakout and a switch to red squares (trending phase). If the squares are blue, the Bollinger bands are inside the Keltner channel, which suggests a flat sideways market.If the squares are red, the Bollinger bands are outside the Keltner channel, which suggests that exchange rate is trending strongly.The range of blue and red squares on the zero line indicate the current relationship between the Bollinger bands and the Keltner channel: Falling momentum below the zero line (also downtrend) is marked with lighter red bars.Īdditionally, Bollinger Squeeze Basic offers an interesting volatility measure built into the main histogram.Rising momentum below the zero line (downtrend) is marked with darker red bars.Falling momentum above the zero line (also uptrend) is marked with lighter green bars.Rising momentum above the zero line (uptrend) is marked with darker green bars.The indicator uses the momentum to measure the trend's strength and direction: TriggerCandle (default = Previous) - the candle to issue alerts on: Previous - the most recently closed candle or Current - the yet unfinished candle.Notifications should be properly configured in MetaTrader via Tools->Options->Notifications. It indicates squeeze and momentum at: 15 min, 30 min, 60 min, 240 min and 1 Day. ![]() EnablePushAlerts (default = false) - if true, MetaTrader's push notification alerts will be sent to your device upon the BB/Keltner arrows' change of color. Here is a multi-timeframe heat map using one of the most apreciated indicators in Tradingview: Squeeze Momentum Indicator by LazyBear.Email should be properly configured in MetaTrader via Tools->Options->Email. EnableEmailAlerts (default = false) - if true, MetaTrader's email alerts will be sent on the BB/Keltner arrows' change of color.EnableNativeAlerts (default = false) - if true, MetaTrader's native pop-up alerts will be used on the BB/Keltner arrows' change of color.Momentum_Period (default = 12) - the period for the Momentum indicator.Keltner_Factor (default = 1.5) - the Keltner channel multiplication factor.Keltner_Period (default = 20) - the period for the Keltner channel indicator.BB_Deviation (default = 2.0) - the Bollinger bands deviation parameter.BB_Period (default = 20) - the period for the Bollinger bands indicator.MaxBars (default = 300) - the maximum number of bars on the chart to apply the indicator to.If you are interested in Bollinger Squeeze indicators, you might also be interested in an advanced version - Bollinger Squeeze Advanced. ![]()
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