The Momentum Technical Indicator measures the change of price of a financial instrument over a given time span. Momentum is calculated as a ratio of today’s price to the price in periods ago.
When this indicator is the momentum of over/under “line level” feeling with color. The additional input parameter is “level line”, for the calculation of color operate.
MT5 Indicator – Download Instructions
Momentum Color Fill is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Momentum Color Fill 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 Momentum Color Fill.mq5?
- Download Momentum Color Fill.mq5
- Copy Momentum Color Fill.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Momentum Color Fill.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Momentum Color Fill.mq5 is available on your Chart
How to remove Momentum Color Fill.mq5 from your Metatrader 5 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
Click here below to download MT5 Indicator: