Linear Momentum is a free MT4 (Metatrader 4) indicator that displays buy & sell signals based on linear regression and momentum.
The indicator appears in a separate MT4 chart window and consists of a red colored line that oscillates above and below the 0.00 neutral level.
Linear Momentum can be a useful technical trading tool in multiple ways.
Buy & Sell Trade Example
- During an uptrending market, open a buy position when the red line crosses the 0.00 level bottom-up.
- During a downtrending market, open a sell position when the red line crosses the 0.00 level top-down.
The Linear Momentum indicator can be used for trade entries and exits or as a shorter-term trend confirmation filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Linear-Momentum.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Linear Momentum mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Linear Momentum indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Momentum
Does the indicator repaint? No.
Download Now
Download the “Linear-Momentum.mq4” indicator for Metatrader 4
