This indicator helps the trader to identify the momentum of the price, and also calculates its strength relative to the average true range of price movement (ATR). The indicator will be an indispensable assistant for traders using the "Sniper" strategy in their trading, in which so-called "impulse levels" are used for trading.
Parameters:
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Average Period
- The averaging period;
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Alert Force
- Set the warning to the trader. If the value of the indicator exceeds the set value, then the trader will be notified of this. To disable it, set this parameter to zero.