Better Momentum Indicator – FAQs

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Installation Questions

What trading platform do I need to use the Better Momentum indicators?: The Better Momentum indicators are available for TradeStation, MultiCharts and NinjaTrader.
Do the indicators work with TradeStation 2000i?: No. The indicators work with TradeStation 7 & 8.
Do the indicators work with MultiCharts 5.5 or 6.0?: The indicators work with both MultiCharts 5.5 and 6.0. .sef files are included in the download for MultiCharts 5.5 and 6.0.
Do the indicators work with MCFX?: No. The indicators are compiled for and work with MultiCharts. Unfortunately, MCFX does not import indicators compiled for MultiCharts.
Do the indicators work with NinjaTrader 6.5 or 7?: The indicators only work with NinjaTrader 7.
What data feeds do you recommend for MultiCharts and NinjaTrader?: TradeStation, eSignal, Zen-Fire and Vision Financial. TradeStation and eSignal cover equities, futures, forex and indices. Zen-Fire and Vision Financial only cover futures.
Can the Better Momentum indicators be installed on more than one computer?: Yes. Multiple computers are no problem.
Do you need my TradeStation user id?: No. The code does not require your TradeStation user id to work.
What TradeStation data services do I need to subscribe to?: For Emini day trading you need the CME Data Package #1 (real-time data) which costs $25 per month (price as of March 2010).
Will the Better Momentum indicators expire in the future?: No. There are no time restrictions built into the code.
Why is this symbol "|" shown when I import the indicators into TradeStation?: This error occurs when you try to import the indicators into older versions of TradeStation 8. To correct the problem, please update to the latest version of TradeStation.
I can't see the Better Momentum video tutorials with my AT&T Yahoo browser.: Some customers have had problems logging in and viewing the high definition video tutorials using the AT&T Yahoo browser. Please use an alternate browser such as Internet Explorer, Firefox or Google Chrome.

Usage Questions

What is the difference between Better Momentum and Better Momentum SM?: The Better Momentum indicator plots the buying and selling volume waves that you see at the bottom of the charts shown above. The Better Momentum SM plots the bullish and bearish divergence signals ("ShowMe") on the price bars themselves.
Can the Better Momentum indicators be used for day trading?: Yes. The indicators work on any time frame and any market. I use the Better Momentum indicators every day in my Emini day trading.
Do the indicators work on tick charts or volume bar charts?: Yes. In fact the Better Momentum indicators work particularly well on tick and volume bar charts. In my Emini day trading I use the Better Momentum on 500, 1,500 and 4,500 tick bar charts.
Can I use the Better Momentum indicators as stand alone indicators?: The Better Momentum indicators can be used as stand alone indicators, however, you will have a much higher winning percentage by using cycle and volume confirmation patterns too. The Better Volume indicator is free to download from this site and is the best indicator for showing volume confirmation patterns.
When are the bullish (red) and bearish (white) divergence signals plotted?: The divergence signals are plotted when the momentum line approaches the zero line. This means that the signals can be plotted retrospectively. The delay is not usually an issue since the divergence signals precede market turning points. On fast charts such as a 500 tick bar chart the delay is inconsequential. With longer day trading time frames, such as 4,500 tick bar charts, the signal can be anticipated and when it arrives is usually confirmation.
How do you confirm entry signals and ignore early divergence signals?: I look for 3 things. First, I like to see that Exhaustion Volume has recently taken place. This indicates "all the buyers have bought", in the case of a market top. Second, I look for Professional activity at price extremes, showing they're taking profits and reversing their positions. Third, I look for a turning point using the Better Sine Wave indicator, either in this time frame or higher time frames. More information is provided in the Better Momentum trading videos.
Can I edit the Better Momentum indicator code?: No. The code is protected and not able to be edited. However, a Better Momentum Function is included in the download so you can program your own systems or indicators using the Better Momentum signals.
Do you trade with the Better Momentum indicators yourself?: Yes. I use the Better Momentum indicators for all my trading. They have helped me enormously to understand the amount of buying and selling "pressure" and confirm market turning points.
Does Better Momentum Any work with any indicator?: Yes. But you'll need to make sure that you're inputing a Function version of the indicator. TradeStation and MultiCharts have Function versions of the most common indicators like RSI, MACD, etc. If you're using a less common indicator you might have to transform it into a Function version first. The EasyLanguage Reference Guide is the best place to get information about how to do this.

Purchasing Questions

I bought NinjaTrader versions of the indicators. Can I get TradeStation ones free?: No, not free but at a 50% discount. Email me via the contact form and I’ll forward a discount coupon code.
Will I get a DVD and manual in the mail?: No. All the files are delivered electronically. Once you purchase, you’ll be sent to a web page with a download link which you click to download a zipped file. The Indicator Code, Installation Instructions and Trading Manual are included in the zipped file. The Installation Instructions and Trading Manual are in PDF format. You’ll also be sent an email with link to a web page where all the video tutorials are available to be watched online.
It looks like you only accept PayPal. How do I pay by credit card?: Credit card payments are accepted. Ignore the “You have selected PayPal as your payment provider for this transaction” wording on the order page. This is very confusing – my apologies, but it is beyond my control. Just fill in the “Billing Information” and click the “Submit Order” button and you'll be taken to a page where you select “Pay with a debit or credit card” and then fill in your credit card details.
Is the price a one-time fee or recurring monthly charge for the software?: There is just one payment for the Better Momentum indicators and NO recurring charges.
How secure is the payment process?: All payments are processed by PayPal with their industry leading focus on data encryption and customer protection.
Do all the fields in the payment information need to be filled in?: No. Just the fields marked with an asterisk (*). If the input field does not make sense, just type in "n/a".
Can I buy if I live outside the US?: Yes. All you need is a credit card or PayPal account.
I don't have a credit card. How else can I pay?: Payment by bank transfer (eCheque/eCheck) and PayPal balance are also accepted.
How often are the indicators updated and what does each update cost?: Any updates to the Better Momentum indicators will be free to all existing customers. You can check details of the latest versions here.
How are indicator updates handled?: Customers are emailed as soon as a new version of one of the “Better” indicators is available. The email will include a download link plus installation instructions. You can check details of the latest versions here.