Indicator Momentum Pinball

One more very popular indicator is called Momentum Pinball which main task is to show levels of overbuy and oversell. It is placed in the section Indicators - "Volatility"

It looks at chart as following:

Settings of the indicator

ExtPeriodRSI – value of the period of the RSI indicator
ExtPeriodROC – value of the period of the ROC indicator

The time period for trade on this indicator is better of all to take D1. Also it is necessary to add levels 70 and 30, as shown at the pic below

If the day candle was closed higher than 70 that the next day it is possible only to sell and if lower than 30 – to buy.

The Momentum Pinball indicator will perfectly suit both beginners, and professionals in trade and perfectly will be suitable as the filter for any trade system. We wish you high profit.