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Rating:

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Published:

2012.12.19 11:16

Updated:

2016.11.22 07:32

anchoredmomentum.mq5 (10.79 KB) view

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The real author:

Umnyashkin Victor

The full investigation was conducted by Konstantin Kopyrkin.

The formula for the calculation:

Anchored Momentum = 100 * (EMA[Price, EmaPeriod] / SMA[Price, SmaPeriod] - 1

Indicator input parameters:

//+-----------------------------------+
//| INDICATOR INPUT PARAMETERS        |
//+-----------------------------------+
input uint MomPeriod=8; //the period of SMA 
input uint SmoothPeriod=6; //the period of EMA
input ENUM_APPLIED_PRICE IPC=PRICE_CLOSE;//price constant on which the indicator calculation is performed
input double UpLevel=+0.025; //upper breakthrough level
input double DnLevel=-0.025; //lower breakthrough level
input int Shift=0; //horizontal shift of the indicator in bars
//+-----------------------------------+

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 08.10.2012

Fig.1 The AnchoredMomentum indicator

Fig.1 The AnchoredMomentum indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1233

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