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Re: Velocity - Momentum & ROC Indicators

Kayleb, Tue Jan 28, 2025 4:27 am

Jimmy wrote: Thu Dec 28, 2017 7:11 pm Fixed, try it now.
momentum - floating levels 1090 fix.mq4
Hello Jimmy,

first of all, thank you for this fantastic indicator! It works perfectly, and I truly appreciate the effort you've put into developing it.

I have a small suggestion for an enhancement:
Could you add an option to use alternative smoothing methods, such as moving averages (from the All Average indi), alongside the current dynamic smoothing?
I believe this would make the indicator more versatile and better suited to different trading strategies.

Current Calculation:
Currently, smoothing is implemented as follows:
wrk[r][volty+s] = wrk[r-1][vsum+s] + (wrk[r][volty+s]-wrk[r-forBar][volty+s])*div;

Proposed Extension:
The idea is to introduce a selection option to choose between:
Dynamic smoothing (as it is now)
Moving averages (SMA, EMA, and all the others from the AllAverage indicator)

This would provide users with more control over the smoothing method, which could be useful in different market conditions.
Thank you in advance, and once again, kudos for your excellent work!
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