Compound High/Low Momentum Blau_HLM - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource

Author: Andrei N. Bolkonsky

William Blau describes compounding high and low momentum in his book "Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators to Technical Analysis."

William Blau's Composite High-Low Momentum Indicator

The combined high/low momentum calculation is as follows:

HLM(q) = HMU(q) - LMD(q)

Smoothed composite high/low momentum is calculated as follows:

HLM(q,r,s,u) = EMA(EMA(EMA( HLM(q) ,r),s),u) = EMA(EMA(EMA( HMU(q)-HMD(q) ,r),s),u)

Attachment download

📎 blau_hlm.mq5 (6.44 KB)

📎 williamblau.mqh (4.52 KB)

Source: MQL5 #382