The Momentum ATR Normalized Signal Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4). The indicator is based on the Average True Range (ATR) and Momentum indicators. The Momentum ATR Normalized Signal Indicator shows the trend direction and strength by displaying a colored line at the bottom of the chart. The line is colored green when the trend is bullish and red when the trend is bearish. The indicator also displays arrows to indicate potential entry and exit points. The Momentum ATR Normalized Signal Indicator is a great tool for traders who want to identify the strength of a trend and to identify possible entry and exit points.
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