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Smart_Money_Pressure_Oscillator.mq5 (8.08 KB) view

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The oscillator displays the "money flow pressure" chart.

It has one input parameter:

Calculation:

Smart Money Pressure = Close[Period] - SM

where:

SM = SM[i+1] + Change

where:

If Volume > VolMA
Change = Close[i] - Close[i+1]
Otherwise
Change = 0
Volume = current volume
VolMA = SMA(Volume, Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20934

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