The "Two_momentum" indicator introduced here is a trend capturing tool. Because it is a leading indicator, you can quickly see if a trend is occurring or not.
The indicator "Two_Momentum" for Metatrader 4 is perfect when you want to trade "momentum" crossovers.
Download the indicator for free at the bottom of this page.
"Two_Momentum" draws short-term and long-term momentum lines in the sub-window. In the example above, the blue line is the short-term momentum and the yellow line represents the long-term momentum. This makes it easy to trade "momentum" crossovers.
Tips for use:
1. Analyzing the two momentums can be useful for market analysis.
2. Trade the crossover.
It is a good idea to trade the momentum crossover using the "Two_Momentum" indicator. In this case, it is better to use larger periods for the momentum calculations (20 and 50, etc.). For example, you can see that the short-term momentum crosses the long-term momentum downward in the red area in the image below. In this case, aim to place a sell order.
Download the "Two_Momentum" indicator from the button below
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