Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 3854
Rating:: (18)
Published:: 2015.12.04 10:09
Updated:: 2016.11.22 07:32

momentumcandlesign.mq5 (7.47 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

A semaphore signal indicator that uses two Momentum indicators, based on Open and Close values of the price series. The signals occur when the difference between these indicators changes sign, i.e. in full accordance with the change of the MomentumCandle indicator fill color.

Fig.1. The MomentumCandleSign indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14184

CCICandleSign

A semaphore signal indicator that uses two CCI indicators, based on Open and Close values of the price series.

OsMACandleSign

A semaphore signal indicator that uses two OsMA indicators, based on Open and Close values of the price series.

JMA_HTF

The JMA indicator with the timeframe selection option available in the input parameters.

JMACandle

The JMA indicator implemented as a sequence of candlesticks.

MomentumCandleSign - indicator for MetaTrader 5