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You liked the script? Try it in the MetaTrader 5 terminal
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- 5331
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- Published:
- 2013.12.18 10:32
- Updated:
- 2023.03.29 13:42
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A Candlestick Momentum from the book "Momentum, direction and divergence" by William Blau, implemented in the form of color signs and a colored trend.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
The BlauCMomentum indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1924

O oscilador CMI ergódico como um histograma colorido.

A normalized oscillator of two curves, similar to the Aroon indicator.