linear momentum
Info
The linear momentum is a Indicator for MetaTrader 4 that background: i was impressed by physics calculation with subject named "linear momentum" that can be found on mr. achmad hidayat’s with title "konsep momentum linier dan interpretrasinya pada forex" and challenged to create a simple indicator based on that article.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use linear momentum
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
background: i was impressed by physics calculation with subject named "linear momentum" that can be found on mr.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: r-squared indicator: measuring correlation with linear regression - another powerful indicator for MetaTrader 4 traders.
Also recommended: aura heiken ashi: advanced trend and momentum indicator - similar indicator with strong performance on MetaTrader 4.
background:i was impressed by physics calculation with subject named "linear momentum" that can be found on mr. achmad hidayat’s with title "konsep momentum linier dan interpretrasinya pada forex" and challenged to create a simple indicator based on that article. unfortunately, i wasn’t able to read his article clearly, so i was looking for another reference for better sense. then i felt grateful after i found a very clear article about linear momentum written by mrs. sarah friedl that can be found at .
linear momentum:
momentum is strength of an object that moves to different place — this is my own definition. momentum can be calculated with following equation: momentum = mass x velocity. you should already know that velocity is speed with direction. shortest equation will be: p=mv where p is momentum, m is mass (in kg) and v is velocity (in m/s).
linear momentum implementation in metatrader custom indicator:
the following will explain why it’s called linear momentum in forex:
p = momentum;
m = mass, converted into volume of trade or tick; i would prefer to use tick volume because it’s more easy to find tick information than volume of all lots traded around the world;
v = velocity, it’s a value taken from pips movement divided by timeframe (point/seconds, originally in m/s).
You may also like: breakout rhonchus pro: professional momentum breakout indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_level1 0.0
#property indicator_label1 "linear momentum"
#property indicator_type1 draw_line.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.