Volume_Price_Momentum_Oscillator - MetaTrader 5 script
The Volume Price Momentum oscillator is Volume Price Momentum.
It has a configurable parameter:
VPMO = EMA(VPM, period)
VPM = trading volume * (closing price - previous closing price)
Attachment download
📎 volume_price_momentum_oscillator.mq5 (6.59 KB)
Source: MQL5 #22126
Volume_Price_Momentum_Oscillator - MetaTrader 5 script usage and filtering suggestions
Volume_Price_Momentum_Oscillator - MetaTrader 5 script is a resource 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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