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Money Flow Index Multiple timeframes
Author: esoftrade
Expert AdvisorExp_StepSto_v1
Author: GODZILLA Subscribe to signal
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Using WinInet in MQL5. Part 2: POST Requests and Files
ScreenshotAUDCHF, H1
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- Published by:
- GODZILLA
- Downloads:
- 1294
- Views:
- 1425
- Rating:
- votes: 4
- Files:
Real author:
Vladimir Kravchuk "New Adaptive Method of Following the Tendency and Market Cycles"
Description:
Fast Trend Line Momentum (FTLM) and Slow Trend Line Momentum (SLTM) indicators show the rate of price change, FATL and SATL are calculated the similar way as Momentum indicator:
FTLM(bar) = FATL(bar) – RFTL(bar)
STLM(bar) = SATL(bar) – RSTL(bar)
where:
- FATL(bar) - FATL digital filter;
- RFTL(bar) - RFTL digital filter;
- SATL(bar) - SATL digital filter;
- RSTL(bar) - RSTL digital filter;
Coefficients of FATL and RFTL digital filters
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Coefficients of SATL and RSTL digital filters
The main difference FTLM from the classic Momentum indicator is the following: it uses the close prices, processed by digital fiters instead of close prices itself. As a result, FTLM looks smoothed and regular, in contrast with classic Momentum technical indicator.
Image:
Translated from Russian by MetaQuotes Software Corp.
Original code: http://www.mql5.com/ru/code/407