Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

Smoothed_Momentum - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português

Views:
1005
Rating:
votes: 7
Published:
2018.12.18 19:09

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 Software Corp.
Original code: https://www.mql5.com/ru/code/22610

SuperTrend SuperTrend

SuperTrend indicator

TMACD TMACD

TMACD indicator

VR---STEALS VR---STEALS

This utility Expert Advisor works with a virtual stop loss and take profit. Trailing positions on the current symbol.

Exp_XBullsBearsEyes_Vol_Direct Exp_XBullsBearsEyes_Vol_Direct

The trading system based on XBullsBearsEyes_Vol_Direct indicator signals