This indicator is based on the classic indicator of Momentum.
The indicator shows the MTF-Momentum indicator data from four timeframes specified in the input parameters.
the default settings:
- TF1 = 1;
- TimeFrame2b = true;
- TF2 = 5;
- TimeFrame3b = true;
- TF3 = 15;
- TimeFrame4b = true;
- TF4 = 60;
- InpPeriod = 14;
- InpappPRICE = 0;
TF1-TF4 values may be in the following ranges:
- TF1 – from M1 (1) to H4 (240);
- TF2 – from M5 (5) to D1 (1,440);
- TF3 – of M15 (15) to W1 (10080);
- TF4 – of M30 (30) to the MN1 (43200).
All selected timeframes should not be lower than the current chart timeframe.
You can use the data from all four or at least timeframes with the parameters: TimeFrame1b – TimeFrame4b.
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