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Views:: 6048
Rating:: (15)
Published:: 2018.06.18 16:26
Updated:: 2018.10.09 11:19

Smoothed Smart Money Pressure Osc.mq5 (13.1 KB) view

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The oscillator displays the "money flow pressure" chart. It is based on indicator Smart_Money_Pressure_Oscillator. Unlike in the original one, in this indicator its line is smoothed, a signal line is added, and the indicator chart is inverted for a more convenient comparison with the price chart.

It has six input parameters:

SM Period- SMP calculation period
SM Smoothing period - SMP smoothing period
SM Smoothing method - SMP smoothing method
Signal line Smoothing period - signal line smoothing period
Signal line Smoothing method - signal line smoothing method
Graph inverse - switch for inverting the indicator chart (Yes/No)

Calculation:

SmSmartMoneyPressure = MA(SMP, SM Smoothing period, SM Smoothing method)
Signal = MA(SmSmartMoneyPressure, Signal line Smoothing period, Signal line Smoothing method)

where:

SMP = Close[SM Period] - SM
SM = SM[i+1] + Change

where:

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

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20937

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