Anchored_Momentum - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The anchored momentum indicator was first proposed by Rudy Stefenel in 1998 in "Technical Analysis of Stocks and Commodities" magazine.
There are seven configurable parameters:
AMOM = 100.0 * MA1/MA2 - 1.0
Where:
MA1 = MA (apply price, first MA period, first MA method) MA2 = MA (apply price, second MA period, second MA method)
Explanation: Entering the zero line or buffer line intersection. Buffers are used to cut off smaller price fluctuations. Differences in indicators and price charts can also be tracked.
Attachment download
📎 anchored_momentum.mq5 (10.82 KB)
Source: MQL5 #21642
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