Dynamic Momentum Currency Strength Dashboard

Measure price change from a rolling reference open or a candle open across MT4 forex pairs. Compare signed distances in pips or as a percentage of ADR.

What the values mean

Dynamic Momentum measures the latest M1 close minus a reference open. Positive values mean price is above that reference; negative values mean it is below. The distance is shown in pips or as a percentage of average daily range (ADR). This is a price-change measure, not the standard MT4 Momentum oscillator.

Dynamic interval or candle open

With Use candle open instead dynamic periods disabled (the default), the reference moves with the data: intraday intervals through H4 use M1 bars, while longer intervals use H1 bars. For example, H1 uses the open 60 M1 bars back. This counts available bars, so gaps can make the elapsed clock time longer.

Enable the option to measure from the corresponding timeframe candle open instead. For H1 this uses the current hourly candle open, so the reference resets at a new hour. The released calculation uses the latest M1 close when computing its strip values; do not read the strips as a backtest of completed candle returns.

Set the timeframe list and initial pip/ADR units in Inputs. The tool needs M1, H1 and daily history as applicable. A large distance describes a move already made and does not predict the next move.

Main features

• Signed distance from a reference open across symbols.
• Rolling reference or timeframe candle-open mode.
• Pip and ADR-relative units.
• Currency/symbol views and selectable timeframe columns.