Price Momentum Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
In his article "Comparative Price Momentum Oscillators (CPMOs)" in the August 2020 issue of TASC, author Vitali Apirine reintroduces us to the DecisionPoint PMO, originally developed by Carl Swenlin, and proposes a new way to use it to compare the relative momentum of two different securities.
This is the PMO indicator
suggestion:
Attachment download
📎 price_momentum_oscillator.mq5 (9.31 KB)
Source: MQL5 #30551
Price Momentum Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Price Momentum Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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