The technical indicator MT4 4 time frame Classical nmc Momentum is a multi timeframe indicator to simultaneously establish the direction of the trend on 4 different time frames.
The trading signals (buy / sell) generated are calculated on a Momentum oscillator
The stock Momentum indicator used to determine the strength of a trend and measure the evolution over the speed to a preset period.
Using multiple time frame to identify the general trend of short-term market and the long term and help to anticipate the entry points and exit the trade with a global vision of the market.
If the signals correspond to the different time frame, the trading signal is stronger and more reliable.
Square 4 time frame Classical Momentum positive blue: Momentum line is higher at 100, in purchasing area - Trend bullish on the corresponding time frame . All squares are positive - Strong uptrend * Selling signal: bear market trend . Square 4 time frame Classical Momentum negative red:
Momentum line is lower at 100, on sale area - Trend bearish on the corresponding time frame .
All squares are negative - Strong bearish trend Read more about the rules and trading signals:
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