Description
Forex Momentum Universal is a normalised momentum oscillator for MetaTrader 4. It runs price through a Fisher-transform-style normalisation over an adjustable lookback, which sharpens turning points and makes momentum shifts easier to read than a raw MACD or momentum line. The result is a lime-and-red histogram in a separate window: green when momentum is positive, red when negative, with buy and sell arrows printed at the flips and optional pop-up alerts. Because the normalisation rescales each market to the same range, the indicator behaves consistently across pairs, metals, indices and crypto CFDs — hence universal. Use it to confirm entries, spot momentum divergence against price, or time exits when the histogram rolls over. The lookback and alert options are configurable. Free MT4 (.mq4) source included. Educational tool, not financial advice.
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