The Momentum Pinball indicator for mt4 (Metatrader 4) can be classified as an overbought/oversold oscillator that’s based on momentum.
The indicator appears as a blue line in a separate MT4 chart window.
Overbought & oversold signals:
- The underlying currency pair is considered overbought when the Momentum Pinball indicator reaches the 100 value (look for sell trade entry).
- The underlying currency pair is considered oversold when the Momentum Pinball indicator reaches the 0 value (look for buy trade entry).
Feel free to combine the indicator with your favorite trading strategy or system for double signal confirmation.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “momentum-pinball-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Momentum Pinball mt4 indicator in action.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Momentum Pinball Forex 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.
Momentum Pinball + Super Forex Trend Scalping Strategy For MT4
The Momentum Pinball and Super Forex Trend indicators create a powerful combination for short-term traders looking to catch fast-moving opportunities in the forex market.
This MT4 strategy is ideal for scalpers and intraday traders who prefer precision entries and short holding times.
By merging momentum shifts with clear trend direction, traders can enter at moments of high probability and exit with steady profits.
The Momentum Pinball Forex Indicator helps identify when a currency pair is oversold (near 0) or overbought (near 100), signaling potential reversals or short-term continuation moves.
Meanwhile, the Super Forex Trend Indicator plots the dominant market trend, showing a bullish phase when the price is above its orange line and a bearish phase when below.
Combining these two tools allows traders to scalp in the direction of momentum and trend alignment, filtering out false signals and noise.
Why This Strategy Works
Momentum Pinball gives the earliest signal of a potential price burst, while the Super Forex Trend indicator confirms whether the overall direction supports that move.
The synergy of both ensures traders enter only when both momentum and trend agree.
This approach prevents premature entries during consolidation and improves consistency.
It works well on 1-minute to 15-minute charts for scalping major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
Buy Entry Rules
- Wait for the Super Forex Trend indicator to show price above the orange line (bullish trend).
- Confirm that the Momentum Pinball indicator rises from the oversold area (near 0) and crosses above 50.
- Enter a buy position once both conditions align and the candle closes bullish.
- Place a stop loss 8 to 12 pips below the last swing low.
- Set a take profit target of 10 to 20 pips, or exit when Momentum Pinball approaches the 90–100 zone.
Sell Entry Rules
- Wait for the Super Forex Trend indicator to show price below the orange line (bearish trend).
- Confirm that the Momentum Pinball indicator drops from the overbought zone (near 100) and moves below 50.
- Enter a sell position once both conditions align and the candle closes bearish.
- Place a stop loss 8 to 12 pips above the last swing high.
- Set a take profit target of 10 to 20 pips, or exit when Momentum Pinball moves near the 10–0 zone.
Advantages
- Combines early momentum detection with reliable trend confirmation.
- Reduces false signals common in sideways markets.
- Simple to apply, even for beginner traders.
- Works on all major forex pairs and lower time frames.
- Scalable to different lot sizes or risk levels.
Drawbacks
- Less effective during high-impact news releases due to sudden volatility.
- Requires quick execution to capture short scalping moves.
- It may produce fewer signals in ranging conditions.
- Not ideal for long-term traders.
Example Case Study 1
On the EUR/USD 5-minute chart, the price moved above the orange trend line on the Super Forex Trend indicator around 1.0740.
The Momentum Pinball rose from 20 and crossed above 50, confirming bullish momentum.
A buy trade was entered at 1.0745 with a stop loss at 1.0733.
The trade reached a take profit of 1.0765 within 25 minutes, netting +20 pips.
Example Case Study 2
On the GBP/USD 1-minute chart, the Super Forex Trend indicator showed a bearish trend below the orange line near 1.2600.
The Momentum Pinball dropped from 90 to 40, confirming selling pressure.
A short trade was opened at 1.2598 with a stop loss at 1.2610.
The trade reached a take profit of 1.2583 in less than 10 minutes, producing a gain of +15 pips.
Strategy Tips
- Use this method only when both indicators agree on direction—momentum and trend must align.
- Avoid trading during major news announcements to reduce false spikes.
- Focus on liquid pairs with tight spreads for better results.
- If Momentum Pinball stays flat near mid-levels (40–60), wait for a clear breakout before trading.
- Combine with a trailing stop to protect profits during strong momentum bursts.
- Backtest on different sessions (London and New York) to find the best timing window for entries.
By blending the fast-reacting Momentum Pinball Indicator with the trend-filtering Super Forex Trend Indicator, this MT4 scalping strategy delivers precision entries and steady short-term profits when used with discipline and consistency.
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Download the “momentum-pinball-indicator.mq4” indicator for Metatrader 4
