[PAID Request] Price Action Momentum Indicator

Post by **DigitalCrypto** » Tue Dec 29, 2015 6:32 pm

These candles identify price points where big money is taking profits. It's such a big position that it will cause the price to "bounce".

It doesn't mean the trend is over but it does signal a price at which you can expect some momentum to carry it to new lows or highs should it be crossed.

If you look at the charts I have posted in this thread you can see these candles and how price bounced up only to turn back down. They are good signals to take for covering positions if you are in the scalping business etc.

I don't normally trade them as I like to hold long term. I get too anxious trying to scalp and I really suck at pulling it off.

These are usually useful in markets under 1 hour time frame.

P.S. Sorry about the delay getting back to everyone. Holidays are hard to get free time and it's also when I am trading full time to build the kitty back up for next summer.

Post by **renexxxx** » Wed Jan 06, 2016 5:34 am

As a response to the following PM:

xrismak wrote:Hello Rene,

I really don't use Indis that much besides the HGI as I am more of a NAKED Trader these days but this Indicator Price Action Momentum Indicator(PAM) sure does Rock, please can you kindly Add a wee bit More Functionality to it as in an Alert, I have been using it Subtly since you Posted it and it does what it is Supposed to do for me except that I really would like an Audible Alert and maybe something in words that would pop up on my Monitor like that of the HGI.
Please kindly see what you can do for me when you have the Time. Once that's been Accomplished, I will test it Again for a Couple of weeks and show you the Results Either Good or Bad and if it's that Good we can see what can be done about Creating a Dashboard for it... I think it's a Very Prolific Indicator that will STAND the test of Time if only Folks know how to Harness it's Power. I Really really doubt if DigitalCrypto Knows how good this PAM Indi is.

Many Thanks,

xrismak.

I have added some notifications to the the attached PAM-indicator. You can optionally be notified via an Alert (Popup Alert or Sound Alert), Email or Push Notification, if/when there is a PAM Up or PAM Down arrow on the current candle. For sound alerts to work, you will need the notify.wav file to reside in the MQL4\Sounds folder. Have fun!

Rene.

Post by **DigitalCrypto** » Wed Jan 06, 2016 4:33 pm

Beautiful things! Thank you for your hard work on this. I really appreciate it.

Post by **xrismak** » Wed Jan 06, 2016 9:15 pm

renexxxx » Wed Jan 06, 2016 5:34 am wrote:As a response to the following PM:

I have added some notifications to the the attached PAM-indicator. You can optionally be notified via an Alert (Popup Alert or Sound Alert), Email or Push Notification, if/when there is a PAM Up or PAM Down arrow on the current candle. For sound alerts to work, you will need the notify.wav file to reside in the MQL4\Sounds folder. Have fun!

Rene.

Renenexxxx,

Thanks man, anyway you Still are A GIGANTILUS.

Happy Trading Folks,

xrismak

luke · Post by **luke** » Thu Jan 21, 2016 4:28 pm

xrismak » Wed Jan 06, 2016 10:15 pm wrote: Renenexxxx,

Thanks man, anyway you Still are A GIGANTILUS.

Happy Trading Folks,

xrismak

xrismak - are you still using this indi? I'm wondering how you got on with it and if it proved useful?

Regards
Luke

Post by **xrismak** » Fri Jan 22, 2016 9:21 am

luke » Thu Jan 21, 2016 4:28 pm wrote:
xrismak » Wed Jan 06, 2016 10:15 pm wrote: Renenexxxx,

Thanks man, anyway you Still are A GIGANTILUS.

Happy Trading Folks,

xrismak

xrismak - are you still using this indi? I'm wondering how you got on with it and if it proved useful?

Regards
Luke

Hello Luke,

Yeap, I am still using this Gizmo and I love it, love it, love it

because it let's me know if I am still in the Grove for Pips, some folks might not like it but I like it .

Happy Trading,

xrismak

Post by **patmontes** » Sat Jan 23, 2016 7:37 am

Hi xrismak,
Can you please teach us how you trade using it?

Post by **DigitalCrypto** » Sat Jan 23, 2016 4:05 pm

I can try to make a video on how to use it once the market opens. I'm currently trying to run it in back test mode but the tester in Empty4 is just horrendous and lags badly on the signals.

So if you can wait a day or three I can put it up on youtube or some such.

Are there any rules that prohibit video links to youtube on SHTF?

I did make some changes to this one to make signals for an EA. I'm not opposed if someone wants to take on that task of coding an EA for it so long as it remains free source code for everyone's use.

- David

Post by **milanese** » Sat Jan 23, 2016 6:14 pm

DigitalCrypto » Sat Jan 23, 2016 4:05 pm wrote:I can try to make a video on how to use it once the market opens. I'm currently trying to run it in back test mode but the tester in Empty4 is just horrendous and lags badly on the signals.

So if you can wait a day or three I can put it up on youtube or some such.

Are there any rules that prohibit video links to youtube on SHTF?

I did make some changes to this one to make signals for an EA. I'm not opposed if someone wants to take on that task of coding an EA for it so long as it remains free source code for everyone's use.

- David

You can publish your youtube video in our board, read there how to do it best -->
http://www.stevehopwoodforex.com/phpBB3/kb.php?a=3

Cheers

Tommaso

Post by **SteveHopwood** » Sat Jan 23, 2016 7:17 pm

DigitalCrypto » Sat Jan 23, 2016 4:05 pm wrote: I did make some changes to this one to make signals for an EA. I'm not opposed if someone wants to take on that task of coding an EA for it so long as it remains free source code for everyone's use.

- David

Let me know what you want.