Free Forex Indicators (MT4), Trend Following Indicators

Momentum ATR Normalized Signal

Momentum ATR Normalized Signal is a trend oscillator, used to plot crossovers between a unique moving average and Normalized ATR. It has been developed for identifying key reversal areas of short-term trends.

As a scalping oscillator, it works better when applied on shorter timeframes like M1, M5, and M15 of your forex MT4 trading platform.

Momentum ATR Normalized Signal offers great simplicity in trend-following forex trading solutions and can be advantageous for the newbie scalpers.

Moreover, Momentum ATR can be applied to trade all kinds of forex currency pairs available within the financial markets.

Momentum ATR Normalized Signal Overview

Download and install the signal on your MT4 terminal. Once you’re done, your chart will appear like the following image:

Momentum ATR Normalized Signal Overview

Momentum ATR Normalized Signal Explanation

Momentum ATR Normalized Signal generates effective trade signals by plotting crossovers between 9 Smoothed SigMA (blue line) and 25 Normalized ATR (green line). The SigMA moves above the ATR represents the bullish crossover signal.

Contrarily, the SigMA value drops below the current ATR level means it is a bearish crossover signal of the market trend.

Momentum ATR Normalized Signal Explanation

Momentum ATR basically identifies the possible reversal points of market momentum and allows traders to take the opportunity to ride on short-term market trends. If you’re a newbie trader in the market, Momentum ATR can be an ideal solution to your daily scalping tasks.

Momentum ATR: Buy Conditions

Momentum ATR Buy Conditions
  • 9 Smoothed SigMA moves above the current 25 Normalized ATR level
  • A solid bullish candle is plotted at the same time
  • Buy triggers after the high of the respective bullish bar is broken
  • Set stop loss below the current swing low of the market
  • Exit long/take profit whenever the SigMA moves below the ATR level

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Momentum ATR: Sell Conditions

Momentum ATR Sell Conditions
  • 9 Smoothed SigMA moves below the current 25 Normalized ATR level
  • A solid bearish candle is plotted at the same time
  • Sell triggers after the low of the respective bearish bar is broken
  • Set stop loss above the current swing high of the market
  • Exit short/take profit whenever the SigMA moves above the ATR level
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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