Momentum channel is a simple momentum based system yet with a great degree of accuracy in detecting turning points. The market momentum are defined by Average True Range Channels . When price breaks these channels most times , it is an indication of a shift in market momentum and thus a possible new trend formation.
The system can be traded on any time frame and symbol and can also be used to trade commodities and stocks.
INPUT MENU
- ATR_Period : Average True Range Momentum Period
- ATRMultip : First Momentum multiplier
- ATRMultip1 : Second Momentum multiplier
- Enable_PopUp_Alert : Enable / Disable Notifications
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