TMO (T)rue (M)omentum (O)scillator) MTF Special Scapler Versiondmnik wrote: Mon Jul 31, 2023 9:07 pm Dear programmers! Be so kind, convert this script to code for MT4. Thank you!
The indicator is named "TMO Scalper" and is designed for lower time frame scalping, specifically 1-5 minute charts. Here's a breakdown of its features:
Time Frames: The indicator allows you to select three different time frames: TimeFrame1, TimeFrame2, and TimeFrame3.
TMO Oscillator Calculation: The indicator calculates a custom version of the "True Momentum Oscillator" (TMO) using the selected time frames. It then smooths the oscillator data with EMA (Exponential Moving Average) and generates signals based on the crossovers of the main and signal lines....
As explained by the author L&L Capital:
- The TMO Scalper is a custom technical indicator that's designed exclusively for lower time frame scalping (1-5min charts)
- This version of the TMO Oscillator will print the signals ONLY when the higher aggregation is aligned with the current (lower aggregation)
This version seems close to it. My settings are probably very poor was mainly just testing the settings after coding.
