Watch how to download trading robots for free

Find us on Telegram!
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:

4985

Rating:

(12)

Published:

2018.07.09 13:45

IMI.mq5 (10.01 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

Oscillator Intraday Momentum Index displays the ratio between the directed change in the price and the total change in the prices over the specified period.

There are three adjustable parameters:

Period - calculation period;
Overbought - overbought level;
Oversold - oversold level.

Calculation:

IMI = 100*U /(U+D)

where:

U = SMA(Up, Period),
D = SMA(Down, Period)

If Close > Open:

Up = Close - Open

otherwise:

Up = 0

If Close < Open:

Down = Open - Close

otherwise:

Down = 0

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21106

CVI

Oscillator CVI (Chartmill Value Indicator).

APZ

Indicator APZ (Adaptive Price Zone) represents an adaptive price channel.

NV (Natenberg's Volatility) - Sheldon Natenberg's historical volatility indicator.

PAIN

Oscillator PAIN (Price Action Indicator).

IMI - indicator for MetaTrader 5