Cumulative Momentum Histo (MTF + alert + arrow) Indicator

Cumulative Momentum Histo (MTF + alert + arrow) Indicator

The Cumulative Momentum Histo (MTF + alert + arrow) Indicator for MT4 calculates and displays the cumulative momentum of a financial instrument.

The Cumulative Momentum Histo (MTF + alert + arrow) MT4 Indicator identifies the strength of the trend and potential reversal zones in the market. It combines data on the price and volume of an instrument over a specific period to determine the cumulative momentum in the market.

The cumulative momentum can be used to ascertain the strengths and weaknesses of an instrument in the financial markets. Traders can use the information to look for trading opportunities in the direction of the trend with a stronger momentum.

How to Trade with the Cumulative Momentum Histo Indicator

The indicator comes with lime and red histogram bars that depict bullish/bearish momentum, indicating buying and selling pressure, respectively.

Forex traders can use the momentum signals of the histogram to identify optimal zones for buying and selling opportunities. Besides, the indicator also comes with signal dots for buy/sell entries. The white dot signals buy entry, while the yellow dot depicts a sell.

Conclusion
The Cumulative Momentum Histo (MTF + alert + arrow) MT4 Indicator is a non-repaint Forex trading tool that helps traders find scalping and day trading opportunities in the market based on cumulative market momentum. Besides, it is free to download.