Recursive Median Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Ehlers suggested it be used as a neutral crossing signal. You can use it like this, but you can also use slope variation.
The indicator uses the original specified default parameters. But you might want to try it, and using a longer high pass period seems to give interesting results (as shown in the example)
Attachment download
📎 rmo.mq5 (12.57 KB)
Source: MQL5 #23776
Recursive Median Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Recursive Median Oscillator - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. 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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