Join our fan page
- Views:
- 8117
- Rating:
- Published:
- 2018.12.28 13:09
- Updated:
- 2019.01.17 11:29
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Indicator Price Momentum Oscillator. It is based on the double-smoothed rate of change (ROC).
It has three adjustable parameters:
- Period one - primary smoothing period
- Period two - secondary smoothing period
- Signal period - signal line smoothing period
Calculations:
PMO = Smoothing2
Signal = AvgPMO
where:
Smoothing1 = (Raw1 - PrevSmoothing1) * sm1+PrevSmoothing1
Smoothing2 = (Raw2 - PrevSmoothing2) * sm2+PrevSmoothing2
Raw1 = (((Close / PrevClose) * 100.0) - 100.0)
Raw2 = 10.0 * Smoothing1
sm1 =2.0/Period one
sm2 = 2.0/Period two
AvgPMO = EMA(PMO, Signal period)
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22709

Calculating the best trading interval.

Indicator HLCrossSigForWPR with the option of selecting its timeframe in its input parameters

Indicators iCCI (Commodity Channel Index, CCI) and two iMAs (Moving Average, MA) are used.

Indicator Volatility Quality Index