Linear Momentum
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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).
