Short Term Momentum Trading – indicator for MetaTrader 4

Last updated: June 3, 2025

I am trying to create an alert based upon 5 rules that I use to manually trade each day. Below are the rules to trade and following is the script that I have so far.

Here’s what I got… This is designed for Short Term Momentum Trading, and if you are willing to put in the butt-time in your seat, you will enter winning trades up to 90% of the time; however, you must be willing to follow the rules and not get emotional. Please don’t ask me about profit targets or programming a fully functional EA; if I could do that, I’d be a millionaire and I wouldn’t be here looking for assistance. So, don’t ask; I don’t have answers that you’re looking for. PS – Yes I realize that these rules are REALLY lagging – I just want to catch part of a trend. I’m not greedy.

Anyway…

Indicators:

• 3 LWMA
• 13 LWMA
• Laguerre Filter – gamma 0.85 (determines monentum / trend)
• ADX (with +DI and -DI)
• CCI

Alert Rules (BUY):

1. 3 LWMA crosses above 13 LWMA …and 1a) 3 LWMA was BELOW 13 LWMA 1 period before
2. Candlestick opens ABOVE Laguerre Filter (gamma 0.85)
3. +DI crosses ABOVE -DI
4. +DI crosses ABOVE 20 Level
5. CCI crosses ABOVE 100 Level

Alert Rules (SELL):

1. 3 LWMA crosses below 13 LWMA
2. 3 LWMA was ABOVE 13 LWMA 1 period before
3. Candlestick opens BELOW Laguerre Filter (gamma 0.85)
4. -DI crosses ABOVE +DI
5. -DI crosses ABOVE 20 Level
6. CCI crosses BELOW -100 Level

Obviously, not all rules are going to hit at the same time. Once all indicator rules line up, I’d like:

1. an visual marker below entry candlestick on the screen (arrow, star, whatever..),
2. a pop-up alert window displaying currency, time-frame, entry level and time-stamp, and…
3. email alert.

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