MR.mladen please explain this indicator.....
In order to prevent a lot of false signals momentum indicators usually trigger, a very low lag smoothing is applied to momentum in order to filter out false signals.
PS: not to be confused with velocity indicator (which is also a momentum indicator but the calculation is completely different from momentum indicator and which produces much smoother results than the momentum indicator)
Instead of calculating just a single value of momentum this one is cumulating all the momentum values up to length desired (so it is mom)1_+mom(2)+mom(3)+...+mom(n)) and you can use an averaged (smoothed) values for calculation and in this case the surprise is that there is no lag added compared to "regular" momentum calculation (in a lot of cases quite the opposite - seems that cumulating values lessens the lag). Here is one comparison of the cumulative calculation (upper) and "regular" momentum (lower)
PS: it should not be confused with a "momentum of average" (or a "slope of average)). Here is a comparison of the 3 : upper is the cumulative momentum, middle is the regular, and lowest is the slope (momentum) of average :
mr.mladen it does not shown on my mt4...........please help........
Tradersm, working on build 840 for me.
What was the point arrows (in the main windows) belong to?
Talaat E, It's Brain Trend signal from here: https://www.mql5.com/en/forum/183798/page168
mr.mladen its possible to add
this settings to velocity
if it is possible please create this.................thankyou
Here is a version with a drop-down list of those prices : velocity_2.mq4
Thanks Mrtools, I missed this one so I didn't know about it
mr.mladen sorry if i am asking too much please add smoothed to this indi with this settings and add (vertical lines include chart & oscillators) on zero line crossing.....sorry
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