Stochastic Momentum Blau_SM - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Author: Andrei N. Bolkonsky

Stochastic Momentum (SM) by William Blau (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators to Technical Analysis ).

The q-period stochastic momentum is defined as the distance between the current closing price and the midpoint of q bars.

William Blau's definition of stochastic momentum

The calculation formula of q-period random momentum is as follows:

sm(price,q) = price- 1/2 * [LL(q) + HH(q)]

Smoothed q-period stochastic momentum is calculated by:

SM(price,q,r,s,u) = EMA(EMA(EMA(sm(price,q),r),s),u)

Attachment download

📎 blau_sm.mq5 (7.4 KB)

📎 williamblau.mqh (4.52 KB)

Source: MQL5 #370