Momentum as bars indicator. | Forex Factory

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Momentum as bars indicator.

  • #1
  • First Post: Feb 6, 2009 2:10pm Feb 6, 2009 2:10pm
I am wondering if one exists or if it is something someone might be able to whip up.

It would display a different color in the bar for each move (up, down, and sideways)

Dynamic so the bar would repaint in the current bar but whatever it was when it closed would be the color it remained.
It takes me 1.5 bars on the M1 chart to eat a pancake.
  • #2
  • Feb 6, 2009 2:33pm Feb 6, 2009 2:33pm
Actually maybe 6 colors so one set for if it were above the 0 line and another set for below.
It takes me 1.5 bars on the M1 chart to eat a pancake.
  • #3
  • Feb 6, 2009 3:57pm Feb 6, 2009 3:57pm
Quoting JimmyPants
I am wondering if one exists or if it is something someone might be able to whip up.

It would display a different color in the bar for each move (up, down, and sideways)

Dynamic so the bar would repaint in the current bar but whatever it was when it closed would be the color it remained.
could you please, explain -it goes up an down, doesn't move sideways
  • #4
  • Feb 6, 2009 4:10pm Feb 6, 2009 4:10pm
Quoting fxxx
could you please, explain -it goes up an down, doesn't move sideways
Yes it does. Put the momentum indi on your charts and you'll see the line going sideways. Equal momentum to both sides would cause a flat line or in this case a flat color.
It takes me 1.5 bars on the M1 chart to eat a pancake.
  • #5
  • Feb 6, 2009 4:53pm Feb 6, 2009 4:53pm
well, i have just this, it doesn't move sideways, but i didn't watch 4 long

Hiachiever's macd modified:
Attached File(s)
File Type: mq4 mom_mod_THBarMomentum_mtf_alert.mq4   12 KB | 837 downloads
  • #6
  • Last Post: Feb 6, 2009 4:57pm Feb 6, 2009 4:57pm
Cool. Thanks I'll try it.
It takes me 1.5 bars on the M1 chart to eat a pancake.
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