The Momentum Pinball indicator determines the day of purchase or sale.
If the Momentum Pinball indicator is above the level of 70 at the close of the daily candle, then it is recommended to enter only for sale on the current day, if its value is below the level of 30, then for purchase.
The Forex Momentum Pinball indicator is based on the market momentum (the difference between
today’s and yesterday’s closing prices) – the Rate indicator is used
of Change (ROC) with a period of 1 and an RSI based on it (with a period of 3)
For the indicator to work correctly, the Rate indicator is required
of Change (ROC) to be put in the MQL5IndicatorsExamples directory (This indicator is included in the standard delivery of the MetaTrader 5 terminal).
The Momentum Pinball indicator must be set on the daily timeframe D1.