iAnchMom Indicator
Platform: MT4 Type: Trend Last update: November 7, 2024The iAnchMom indicator for MT4 comes in handy in recognizing overall market direction and for the calculations it uses SMA and MOM. It displays histogram bars and visually it is simialar the MACD.
The readings above 0 level corresponds to bullish trend, and similarly, readings below 0 level suggest bearish trend. It’s best use case is the combination with other technical analysis gauges.
Example chart:
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