Smoothed_Smart_Money_Pressure_Oscillator - MetaTrader 5 script
The oscillator shows the Money Flow Pressure chart. It is based on the indicator Smart_Money_Pressure_Oscillator . Unlike the original indicator, the lines of this indicator are smoothed, signal lines are added, and the indicator chart is inverted for easier comparison with the price chart.
It has six input parameters:
SmSmartMoneyPressure = MA(SMP, SM smoothing period, SM smoothing method)
Signal = MA(SmSmartMoneyPressure, signal line smoothing period, signal line smoothing method)
SMP = Closing [SM period] - SM
SM = SM[i+1] + change
If Volume > VolMA
change = off[i] - off[i+1]
volume = current volume
VolMA = SMA (volume, SM period)
Attachment download
📎 smoothed_smart_money_pressure_osc.mq5 (13.1 KB)
Source: MQL5 #20937
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •