This variant of Momentum oscillator is calculated based on five Momentum indicators.
All editable variables are implemented as indicator input parameters. However, keep in mind that these variables are interdependent to some extent, so you should adjust them more carefully!
FactorN input variables represent the unit weight of Momentum with number N in total indicator value.
Fig.1. The ColorZerolagMomentum indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13309
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.