Need help to code a Momentum Indicator

Crucial Point suggested in the following post a way of determining the current momentum or trend of the market;

http://www.forexfactory.com/showthre...43#post3532743

It appears to me that this approach has merit and could relatively easily be made into an indicator.

A line needs to be made at the open of a particular bar, and updated at the open of each new bar. This process then needs to be repeated over 2 or 3 lower timeframes.

If price is below or above the open price of each successive timeframe then this proves that currently strong momentum exists in the market.

For people who want to have a filter to avoid ranging markets this appears to me to be quite a nice little way of doing that.

Is anyone up to the task? I can program an ea for my own purposes, but i am not able to create an indicator.

Given that there is no interest in developing the indicator;

Please let me know how much you would charge to create it, if you have the skills and want the job.

Interested coders may need to know the platform the indicator has to be coded for.

Fair point mate. My preferred platform is mt4.

Cheers for the programming offers guys. I have found a suitable person to do the work and will post the indy when it is completed.

This should do it for you.
(sorry code is not elegant)

HTH

M.

Edited code to make it tidier and spell your name correctly ;-).

M.

HI Futurespec,
can you add also for H2 and H3 timeframe

tq
mimaso