Momentum indicator - page 7

New comment
 

William Blau uses EMA in his calculations (various depths of ema(ema(...)))

This is a variation of this indicator : https://www.mql5.com/en/forum/176430/page4 that does not use ema but instead uses super smoother for the same thing. It is significantly smoother than the original and, in some cases, it is obvious that it is significantly faster (see the example where in some cases the ema version even did not notice the start of a downtrend - so it seems that the "reaction time" of this one after the sudden price changes is much better. Upper one is this one lower is the one using ema in calculation

 
mladen:
William Blau uses EMA in his calculations (various depths of ema(ema(...))) This is a variation of this indicator : https://www.mql5.com/en/forum/176430/page4 that does not use ema but instead uses super smoother for the same thing. It is significantly smoother than the original and, in some cases, it is obvious that it is significantly faster (see the example where in some cases the ema version even did not notice the start of a downtrend - so it seems that the "reaction time" of this one after the sudden price changes is much better. Upper one is this one lower is the one using ema in calculation

Please add signal line cross and zero line cross alerts to this beautiful indicator.

 
skn:
Please add signal line cross and zero line cross alerts to this beautiful indicator.

Skn, added the alerts.

 

Thanks Mrtools, great help !

 

Dynamic momentum oscillator os stochastic and rsi

Dynamic momentum oscillator as described by E. Marshall Wall (he called it "dynamo") this time applied to stochastic and rsi. Difference when compared to original calculation is that these two have a possibility of additional smoothing (super smoother used for that) in order to filter out some false signals

 

This is a combination of 2 momentum indicator with price filtering. It is a momentum of rsi of average

 
mladen:
A very, very simple way to calculate velocity (what is sometimes called a Jurik velocity)

Just to remind that velocity is in fact a smoothed momentum which can be very helpfull since momentum tends to give some false signals due to its "rough" values calculated. Here is one comparison of the momentum (blue line) and velocity (red line).

PS: the way it is written, velocity can be easily calculated for any value, so in some sense, it covers the velocity and velocity on array in one single function

Dear Mladen

Is it possible to add one more velocity in same window like you coded EFT - double in this post : https://www.mql5.com/en/forum

Also, as you mentioned velocity is smoothed momentum so it makes batter if you use super smoother for smoothing !

Thanks for any help

secretcode

Files:
velocity.mq4  2 kb
 
secretcode:
Dear Mladen

Is it possible to add one more velocity in same window like you coded EFT - double in this post : https://www.mql5.com/en/forum

Also, as you mentioned velocity is smoothed momentum so it makes batter if you use super smoother for smoothing !

Thanks for any help

secretcode

secretcode

This would be a 2 times velocity in a same sub-window. Super smoother smoothing is left out. The thing with it is that velocity is not a smoothed momentum but a smoother momentum (it is another way to calculate smoother momentum without applying smoothing to the result). That is why super smoother can not be applied to the calculation

Files:
2_x_velocity.mq4  3 kb
 
mladen:
secretcode This would be a 2 times velocity in a same sub-window. Super smoother smoothing is left out. The thing with it is that velocity is not a smoothed momentum but a smoother momentum (it is another way to calculate smoother momentum without applying smoothing to the result). That is why super smoother can not be applied to the calculation

Thanks Mladen for indicator, Nice! Would you please add arrow when both lines cross eachother in indicator ?

Sorry, I have to mentioned it in my earlier post

Again thanks for all

secretcode

 
secretcode:
Thanks Mladen for indicator, Nice! Would you please add arrow when both lines cross eachother in indicator ?

Sorry, I have to mentioned it in my earlier post

Again thanks for all

secretcode

secretcode

Here is a version with option for arrows added when two velocities cross

Files:
2_x_velocity__arrows.mq4  5 kb
1234567891011121314...28
New comment