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Blau_Trend_Momentum.mq5 (6.12 KB) view

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The William Blau Trend Momentum indicator shows the William Blau trend momentum.

It has one input parameter:

Calculations:

Trend Momentum[i] = (H - L)

where:

H = High[i] - High[i+Period],
If (H<0) H=0,
L = Low[i+Period] - Low[i],
If (L<0) L=0

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20514

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Blau_Trend_Momentum - indicator for MetaTrader 5