Momentum Confluence Zone

Momentum Confluence Zone (MCZ) – MetaTrader 5 Indicator

Overview
Momentum Confluence Zone is a custom chart indicator for MetaTrader 5.
It calculates dynamic price zones using a combination of moving average, volatility, and momentum measures. The indicator aims to assist traders in observing areas where price behavior and momentum interact.

Operation Logic

• The indicator uses an Exponential Moving Average (EMA) as a reference.

• Dynamic zones are calculated above and below the EMA using the Average True Range (ATR) and a user-defined multiplier.

• Momentum is calculated as the rate of price change over a configurable period.

• A confluence value combines momentum strength, price position relative to zones, and tick volume changes.

Signals

• Optional arrows indicate potential price interest areas based on momentum and confluence.

• Buy signal: price near or below the lower zone with upward momentum.

• Sell signal: price near or above the upper zone with downward momentum.

• The signals are visual cues and do not imply guaranteed outcomes.

Indicator Type

• Chart Overlay

• Displays EMA, dynamic zones, momentum (optional), and signals on the price chart.

Recommended Usage

• Can be applied to forex, commodities, indices, and crypto symbols.

• Works on any timeframe.

• Intended as a tool to observe price levels and momentum interactions, which can be used together with other technical analysis methods.

Installation

1. Copy the compiled file MomentumConfluenceZone.ex5 into MQL5 → Indicators.

2. Restart MetaTrader 5 or refresh the Navigator panel.

3. Attach the indicator to a chart and configure input parameters.