BlauCMomentum - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Candlestick Momentum is taken from the book Momentum, Direction and Divergence by William Blau and is implemented in the form of color signs and colored trends.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
BlauC Momentum Indicator
Attachment download
📎blaucmomentum.mq5 (9.7 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #1924
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