Mometer Indicator for NinjaTrader

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Mometer Indicator for NinjaTrader

Archive : Mometer Indicator for NinjaTrader

The Mometer Indicator signals when there is stronger price movement relative to previous bars. This allows the user to objectively determine current momentum conditions. Since strong momentum is almost always followed by exhaustion and a price pullback, accurately establishing momentum increases our edge. The Mometer Indicator has several user-defined parameters, including 4 threshold levels and a look-back period. These parameters allow the trader to determine different visual cues for increasing and decreasing momentum.

See our indicators in action

Highlights:

Add to any chart or time frame
Prints on the current bar in real time
Momentum detection and precise measurement of the velocity of these trends
Toggle on/off
Works great with the SpeedTick and FTReset to create a powerful exhaustion trade

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Mometer Indicator for NinjaTrader