Velocity_v2 - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Trend Lab
Momentum oscillator with triple average and signal lines. In this case, triple average is used to filter the direction of the indicator.
The indicator was first implemented in MQL4 and published in the code base on March 6, 2008.
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.
Figure 1. Velocity_v2 indicator
Attachment download
📎 smoothalgorithms.mqh (134.03 KB)
📎 velocity_v2.mq5 (9.49 KB)
Source: MQL5 #1779
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