Trend momfilter_v1 Indicator -mq4
Trend momfilter_v1 is indicator can be used as a trend filter in order to follow the overall trend of any currency pair.
Trading Signals:
Buy :Lime Green color bars.Look to Buy when the overrall trend of the currency pair is Bullish
Sell :Dark Orange color bar.Look to Sell when the overall trend of the currency pair is Bearish
Indicator Preference:
Currency pairs: any
Time frame: any
Trading sessions:any
Configurable Indicator Options:
PeriodMOM(14)
Example:EUR/USD-H1
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5F16j0gflh89TcaLDnJibXMSjDNxQ4GILjUWgTIbtEgf-rxbeqpeQ9pHDJh1UZjbSllwONjfycyQ9l6gjWVen-65Unn_SsS_3P-w4MP2M9S0tuAnzeT2el6kLSvAoTVv7zShEwD0ajA/s320/4.png)
How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.
Trend momfilter_v1 is indicator can be used as a trend filter in order to follow the overall trend of any currency pair.
Trading Signals:
Buy :Lime Green color bars.Look to Buy when the overrall trend of the currency pair is Bullish
Sell :Dark Orange color bar.Look to Sell when the overall trend of the currency pair is Bearish
Indicator Preference:
Currency pairs: any
Time frame: any
Trading sessions:any
Configurable Indicator Options:
PeriodMOM(14)
Example:EUR/USD-H1
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5F16j0gflh89TcaLDnJibXMSjDNxQ4GILjUWgTIbtEgf-rxbeqpeQ9pHDJh1UZjbSllwONjfycyQ9l6gjWVen-65Unn_SsS_3P-w4MP2M9S0tuAnzeT2el6kLSvAoTVv7zShEwD0ajA/s320/4.png)
How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.
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