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You liked the script? Try it in the MetaTrader 5 terminal
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- 8890
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- Published:
- 2018.03.01 11:39
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A trend oscillator. It is calculated by the following formula:
SMA(3) of EMA (66) of ( Momentum[period] - Momentum[period-1] )
It has four configurable parameters:
- Period of momentum - momentum calculation period;
- Primary smoothing period - EMA smoothing period (66);
- Secondary smoothing period - SMA smoothing period (3);
- Applied price - price used for calculating the momentum.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19887
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