Robust "Two_Momentum" Metatrader Indicator

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.

Example of displaying this indicator on the EuroDollar hourly chart

"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.

For example, if both momentums are rubbing together, as in "A" in the image below, a strong range market may be occurring.
If both momentums rise and fall sharply, as in "B", it is proof that strong price movements have occurred.
On the other hand, when the distance between the two momentums is large, such as "C", it indicates a trend correction, a range market, and a reversal.

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Momentum calculation period applies 5 and 14

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.

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