ColorMomentum_AMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The histogram is created by smoothing the momentum indicator values based on Perry Kaufman’s algorithm :
indicator[bar]=AMA(momentum(price[bar]))
A breakout of the indicator's zero level is the main trading signal for this indicator.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to the 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.
Attachment download
📎 colormomentum_ama.mq5 (7.68 KB)
📎 momentum_ama.mq5 (6.87 KB)
📎 smoothalgorithms.mqh (133.8 KB)
Source: MQL5 #468
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •