The technical indicator MT5 Anchored Momentum Candle is a Anchored Momentum oscillator shown in the form of candlesticks.
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anchoredmomentumcandle.mq5
anchoredmomentum.mq5
Broker Online - Broker Stock Exchange : Trading Platform Metatrader MT5
Interpretation Rules - Signals From Trading
* Buy signal: Feeling uptrend
. Chandelier green: rising value
. The curve Anchored Momentum crosses down the oversold level and then passes again on the rise this level - Trend bullish
. The curve Anchored Momentum breaks rising levels + 0025 green color points - Trend bullish
. Divergence bullish: the price is down (again above lower) and Anchored Momentum indicator up (new higher low) .A upward correction of prices is expected
* Signal selling : Feeling trend downward
. Chandelier red: decrease in value
. Anchored Momentum line crosses upward the overbought level and then passes back to lower that level - trend bearish
. The Anchored Momentum curve breaks down the line level -0.025 points red - Trend bearish
. Divergence bearish: the price is rising (new higher low) and Anchored Momentum indicator down (again above lower) .A downward correction of prices is expected
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Time and Time unit UT - Time frame: 4 hours H4
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