The Relative Impulse Force indicator is a filter for opening positions that allows you to determine the beginning of a price correction.
The momentum indicator Relative Impulse Force calculates the strength of the momentum by the ratio of the difference between the price and MA to the average value of the rise or fall in price.
The green color of the histogram indicates a stronger impulse up or down, and red indicates a weaker one.
The main task of the Relative Impulse Force indicator is to demonstrate the likelihood of a correction, and not to generate a signal for the beginning of a good movement. To do this, the indicator uses horizontal levels, the value of which depends on the currency pair and timeframe.
It is best to use the Relative Impulse Force indicator not as a source of Forex trading signals, but as a filter for opening positions.
Features of Relative Impulse Force MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Relative-Impulse-Force.zip file you will find:
Download Relative Impulse Force MT4 indicator for free: