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OC Momentum oscillator uses Open and Close price to calculate its value.
The only variable n default value is 3. It can be modified obviously.
The histogram simplifies identification of trade entry.
Usage in trending markets:
Points 1 and 2 form a trendline.
Entry signal is when the indicator curve crosses the zero line and the first histogram bar of propper color is formed.
Points 3,4 and 5 present possible entry points.
Take into account that no trend is endless.
MT4 Indicators – Download Instructions
OC Momentum is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install the software?
- Download the mq4 file from the zip file.
- Copy the mq4 file to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on the mq4 file.
- Attach to a chart
- Modify settings or press ok
- Indicator should be available on your Chart
How to remove tim.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: