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ColorMomentum_AMA - indicator for MetaTrader 5

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votes: 13
2011.09.29 15:19
2016.11.22 07:32

This histogram is created based on the Momentum indicator values smoothed by Perry Kaufman's algorithm:


Breakout of the indicator zero level is a main trade signal in this indicator.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

ColorMomentum_AMA indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

i-Sadukey_v1 i-Sadukey_v1

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