Squeeze momentum indicator reddit how to#
Squeeze momentum indicator reddit free#

This indicator tries to show you areas of potential consolidation and calmer periods. One of the best custom momentum indicators for MT5 is the modified TTM squeeze indicator. You can get the MT4 squeeze momentum indicator here.

This indicator can help you gauge the momentum levels or look for potential breakouts. These indicators include Bollinger Bands and Keltner channels. This indicator combines multiple indicators to give you clear readings. This is a custom indicator that is based on the strategies discussed in the book ‘Mastering the Trade’ by John Carter. One of the best custom momentum indicators for MT4 is the squeeze momentum indicator.

The indicator will now be added to your chart, where you can adjust the settings how you need.Īlong with the more commonly built-in momentum indicators, you can also use other custom momentum indicators inside MT4 and MT5.

For example, if wanting to use the MACD, you would then select ‘oscillators’ and then ‘MACD’.

You can then select the indicator you want.

If you want to use momentum indicators that are already built into your MT4 or MT5 charts, you need to do the following

Squeeze momentum indicator reddit how to#

How to Use a Momentum Indicator in MT4 and MT5 The MACD will show you three main components the MACD line, the signal line, and the histogram. The MACD is calculated with two moving averages, and The 26-period moving average is subtracted from the 12 period moving average to get the calculation. The MACD looks at the difference between short and long-term price action information. The MACD or moving average convergence divergence indicator is another indicator that is popular for spotting momentum. These levels can then help you identify potential market reversal points. On the other hand, when the price starts moving below 30, it is thought the price is oversold. When the oscillator begins to move above 70, it is thought that the price is overbought.

This oscillator moves between 0 and 100 to show you overbought and oversold levels. When you add the RSI to your chart, you will be shown an oscillator. The RSI or relative strength index is one of the most popular technical indicators for looking at momentum.

Squeeze momentum indicator reddit free#

NOTE: If you do not yet have the best MT4 / MT5 charts to use these momentum indicators, you can read about getting the best free trading charts and the broker to use these indicators with here. #2: Moving Average Convergence Divergence Indicator. These include strategies such as trendlines or moving averages which can show you the trend. The other way momentum indicators are used is in connection with other indicators or price action information. You can also use momentum indicators to spot potential areas where price could reverse. When using momentum indicators, you are looking at how strong a move in the price action has been or how strong it could potentially be. This is because momentum indicators are not designed to show you the direction price is moving. Most traders find the most success when using momentum indicators when they combine them with other popular indicators. The basic idea of momentum indicators is that they can help you understand the speed that price is changing. How to Use a Momentum Indicator in MT4 and MT5.