Source code library - Expert Advisors, Indicators and Scripts

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AUDJPY, M5
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2MoHLC
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Downloads:: 528
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Rating:: votes: 6
Files:: momentum_color_fill.mq5 (3.51 KB)view

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Description:

The Momentum Technical Indicator measures the change of price of a financial instrument over a given time span. Momentum is calculated as a ratio of today’s price to the price in periods ago.

When this indicator is the momentum of over/under "line level" feeling with color. The additional input parameter is "level line", for the calculation of color operate.

Image:

Last comments | Go to discussion (1)

samthewildone | 3 Sep 2012 at 03:17

Automated-Trading:

Momentum Color Fill:

Author: Alexander Piechotta

So when the the fill is above the "level line" this is indicating that the market has picked up traction; more trades coming in ?

Source code library - Expert Advisors, Indicators and Scripts

Momentum Color Fill [ru]

Description:

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