Hi MrTools,

Thanks for all the work you do! Its amazing!

I was about to create a post about the previous version of this indicator and issues I noticed when testing via the 15 min TF. I then tested again using this new version but there seems to be the same issue with both. I created a test case so that you can see exactly what I'm seeing in the hopes of getting to the bottom of this, please find attached.

I created a simple test case that shows arrows pointing up when the momentum is green and down when red. What I noticed was that on the 4hr chart everything looks good:
but when I did some back testing on the 15 min TF I saw this instead:
The code included testing using the step Nema indicator as well, (line 77) which was really just a sanity check (then nema code is commented out) just to compare the results. The the Nema indicator worked fine - results were the same both on the chart and in the backtest.

Please have a look and let me know what you think.

Edit: The dates tested are around Dec 16, 2020

Thank you,

Mark

mrtools wrote: Thu Dec 17, 2020 4:53 am

On this version I have, the only inner level i have is the middle line, but think I'm not understanding what you're looking for.

PS: For the Histogram version of this indicator, please see: Smoothed Momentum Histogram indicator for MT4