IMI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Oscillator Intraday Momentum Index shows the ratio between directional changes in price and the total change in price over a specified period.
There are three tunable parameters:
U = SMA (upward, period), D = SMA (downward, period)
If off > on:
if off < on:
Attachment download
📎imi.mq5 (10.01 KB)
Source: MQL5 #21106
IMI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
IMI - 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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