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MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

Metatrader 5 Indicator | Momentum and news impact candles | Free Download

RobotFX curates the best open-source MetaTrader code to inspire your trading automation.

Providing a clearer view of market direction and price activity with candles that are painted by bullish momentum (green), bearish momentum (red), weak or no momentum (gray), and news impact/candle expansion (silver).

Bullish momentum = Green (0.0)

Bearish momentum = Red (1.0)

Smooth out market noise with the Heiken Ashi Expert Advisor for MT4 and MT5. Reliable trend-following automation. Details here.

Weak momentum = Gray (2.0)

News impact (candle expansion) = Silver (3.0)


Default momentum period is 4 which finds sharp momentum changes

Image for Momentum and news impact candles

Level up your trading with professional RobotFX expert advisors and indicators. Visit www.robotfx.org for proven MT4/MT5 tools.

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