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Indicators

MultiColorZerolagMomentumOSMATrend_x10 - indicator for MetaTrader 5

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Views:
1107
Rating:
votes: 12
Published:
2015.07.29 15:08
Updated:
2016.11.22 07:32

The MultiColorZerolagMomentumOSMATrend_x10 indicator shows information on current trends using the ColorZerolagMomentumOSMA indicator direction from ten different timeframes.

Each of the ten indicator lines corresponds to a separate indicator. Growing oscillator movement paints the lines in light blue, and falling movement — in purple. Otherwise, the lines are gray. Colored dots on lines appear when a new bar opens on the corresponding timeframe.

Fig.1. The MultiColorZerolagMomentumOSMATrend_x10 indicator

Fig.1. The MultiColorZerolagMomentumOSMATrend_x10 indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13341

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The Exp_ColorZerolagMomentumOSMA Expert Advisor is based on the ColorZerolagMomentumOSMA histogram's change of direction.

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Bill Williams' fractals indicator based on the built-in Fractals indicator. The distinctive feature of this indicator is that it doesn't repaint.

ColorZerolagMomentumOSMATrend_x10 ColorZerolagMomentumOSMATrend_x10

The ColorZerolagMomentumOSMATrend_x10 indicator shows the ColorZerolagMomentumOSMA oscillator direction from ten different timeframes.

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This variant of the Moving Average indicator is calculated based on five moving averages.