Slope Scanner (MOM) V1.4 MT4 MT5
The SlopeScanner(MOM) V1.4 uses the Momentum technical indicator to measure the rate of change in an asset’s price over a specified period. It helps traders identify the strength and speed of a trend, providing early insight into potential reversals or accelerations in price movement.
✅ Key Features
| Feature | Description |
|---|---|
| ➤ Multi-Pair Monitoring: | Track multiple currency pairs in a single, consolidated dashboard. |
| ➤ Multi-Timeframe Analysis: | Evaluate trend strength across various timeframes (M1 through MN). |
| ➤ Smart Trend Detection: | Identify turning points based on trend strength. |
| ➤ Real-Time Alerts: | Get Metatrader alerts immediately when trend strength changes. |
| ➤ Color-Coded Visuals: | Easy-to-interpret color signals indicating bullish, bearish, or neutral trends. |
| ➤ Clean & Compact Layout: | Well-organized display that fits neatly on your chart without clutter. |
💡 How It Works
The Momentum indicator calculates the difference between the current price and the price a set number of periods ago (default: 10). When the Momentum value is above 100, it indicates that prices are rising faster than the reference period, while values below 100 show that prices are falling relative to that period. This simple yet powerful calculation allows traders to gauge the pace and intensity of price action at a glance.
The Momentum indicator is a versatile tool for measuring price acceleration, assessing trend strength, and spotting early warning signs of potential reversals. By providing a clear snapshot of market speed and potential turning points, it equips traders with actionable insights for timing entries, exits, and risk management with greater confidence.
⚙️ Input Parameters
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