AFR Weighted Momentum

Calculates a weighted average of several Momentum periods to produce a smoother momentum signal centered around zero.
Positive values indicate bullish momentum, while negative values indicate bearish momentum, ranging in percents compared to a weighted averaged back value, effectivley avoiding the market noise.
The calculation will weight 7 values before plotting a position.
More from author
AFR Weighted Momentum MT5
Alexandru-marius Nistor
Indicators
Calculates a weighted average of several Momentum periods to produce a smoother momentum signal centered around zero. Positive values indicate bullish momentum, while negative values indicate bearish momentum, ranging in percents compared to a weighted averaged back value, effectivley avoiding the market noise. The calculation will weight 7 values before plotting a position.
FREE
Filter:
No reviews
Reply to review