Trading signals module, based on Chande Momentum Oscillator - MetaTrader 5 Library - MT4/MT5 Resources

The signal is formed on the complete bar. Chandler Momentum Oscillator is used as a custom indicator for the Trading Signals module. A downward cross of the -50 level is a signal to open a long position, and an upward cross of the 50 level is a signal to open a short position.

The following input parameters were used during testing:

To use this trading signals module MQL5 Wizard , chande_momentum_oscillatorsignal.mqh and basedonindicatorexpertsignal.mqh must be placed in the terminal data folder \MQL5\Include\Expert\Signal\MySignals.

This module uses the Chande Momentum Oscillator indicator, chande_momentum_oscillator.mq5 must be placed in the terminal data folder \MQL5\indicator.
SmoothAlgorithms.mqh must be placed in the terminal data folder \MQL5\Include.

Chandler Momentum Oscillator

Historical backtest results (since January 1, 2010):

Historical backtest results

Attachment download

📎 basedonindicatorexpertsignal.mqh (3.54 KB)

📎 chande_momentum_oscillatorsignal.mqh (5.22 KB)

📎 test_change_momentum_oscillator.mq5 (6.9 KB)

📎 chande_momentum_oscillator.mq5 (4.49 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #444