Indicator that signals a slowdown in trend momentum (Titan_MomentumFadeSignal)
Indicator Overview
Display moments when momentum weakens with simple arrows
Even when the market appears to be moving strongly, its momentum can gradually weaken. This indicator focuses on such "deceleration of momentum." Even if the price is updating highs or lows, it detects situations where the growth of closing prices is weakening or the body of candlesticks is becoming smaller, and displays arrows on the chart.
The key feature of this indicator is that it does not chase the direction of the trend, but instead evaluates whether the movement still has the strength to continue. Even if it appears strong on the surface, momentum may be slowing internally. This indicator is designed to convey that change as simply as possible.
Since the display consists only of arrows on the main chart, it is intuitive and easy to use even for beginners. Red arrows indicate that upward momentum may be weakening, while blue arrows indicate that downward momentum may be weakening. Rather than flashy effects, it is suited for those who want to calmly observe changes in the market.
This indicator is not intended to definitively determine trade timing. Rather, it serves as a support tool to consider whether to jump into the current movement or to take a more cautious approach. It is an easy-to-use indicator for those who want to make calm judgments after a market has already moved significantly.
This indicator works only on the Windows versions of MT5 and MT4 provided by TitanFX.
Indicator Terms of Use
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1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
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4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
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Indicator Settings
Input (for MT5) / Parameter Input (for MT4) Tab Settings
| Variable Name | Description | Default |
|---|---|---|
| Body Shrink Ratio | Sets how much smaller the current candlestick body must be compared to the previous one to determine that "momentum has weakened." | 0.7 |
| Minimum Body Size | Sets the minimum body size used for calculation to avoid noise from excessively small candlesticks. | 2.0 |
| Arrow Offset | Sets how far the arrow is displayed from the candlestick. Increasing the value improves visibility. | 3.0 |
| Minimum Interval | Sets the number of bars to wait before displaying the next signal to prevent consecutive signals in the same direction. | 3 |
| Lookback Bars | Sets the number of historical data bars the indicator will calculate. Reducing the value improves performance. | 3000 |
Color (for MT5) / Color Settings (for MT4) Tab Settings
| MT5 Variable Name | MT4 Variable Name | Description |
|---|---|---|
| 0 | 0 | Specifies the arrow color when downward momentum is weakening. |
| 1 | 1 | Specifies the arrow color when upward momentum is weakening. |