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Indicators

Smoothed_Momentum - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português
Views:
4190
Rating:
(9)
Published:
2018.12.18 19:09
Download as ZIP, How to download code from MetaEditor
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Smoothed Momentum indicator is a smoothed momentum.

There are five inputs:

  • Momentum period - calculation period
  • Use smoothing (Yes/No)
  • Smoothing period
  • Smoothing method
  • Applied price - Momentum calculation price

Calculation:

  • If Use smoothing = Yes
    Momentum = MA(Mom, Smoothing period, Smoothing method)
  • otherwise
    Momentum = Mom

where:

Mom = 100.0 * MA / PMA

MA - SMA(Applied price, 1)

PMA - SMA(Applied price) Momentum period back

Fig. 1. Smoothed Momentum, Use smoothing = Yes


Fig. 2. Smoothed Momentum, Use smoothing = No


Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22610

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