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Views:: 6098
Rating:: (9)
Published:: 2018.08.23 13:34

Momentum_Signal.mq5 (14.54 KB) view

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Momentum Signal oscillator is based on Momentum, CCI, ATR, RSI and ADX indicators. It sets the market entry moment and direction.

There are seven configurable parameters:

CCI period - CCI indicator parameter;
ATR period - ATR calculation period;
Momentum period - Momentum calculation period;
RSI period - RSI calculation period;
ADX period - ADX calculation period;
Signal line offset - signal line shift relative to the oscillator line;
Momentum line offset - oscillator line shift relative to 0.

Calculation:

Momentum = (ATR+CCI+RSI) / ADX - Momentum line offset
Signal = Momentum / (ATR+ADX) - Signal line offset

Interpretation: Oscillator line crossing the signal one displays the market entry direction.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21538

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