Re: Velocity, Momentum & ROC Indicators for MT4

501
temporalmotif wrote: Wed Jun 18, 2025 7:49 pm @mrtools

Hope you well!

Are you able to add the ROC indicator average in the form of candles like all the other averages that can be selected in the indicator attached?

I have also added an example of the ROC in question.

For some reason the ROC indicator freezes when choosing Multi Timeframe mode.

If this can be converted and working on MT5 that would be fantastic (more timeframes)

Much appreciated.
Hello, not able to add it to the averages. More than likely there are some correctly working mt4 versions in this thread.


Re: Velocity, Momentum & ROC Indicators for MT4

504
Hopefully one of these hasn't been made, this is a synthetic smoothed momentum (Mladens smoothed version) with floating levels and alerts.

To those not familiar with Mladen's smoothed momentum this is his explanation:

For people using momentum:

Momentum is a very useful indicator. But probably the biggest problem it has is that it can create a lot of false signals simply because it is not smooth. This is one way how it can be solved without adding any lag at all (on the contrary: in some cases, it is faster than momentum). Here is a comparison: red is the smoothed momentum, blue is the regular momentum (same period, same price)

These users thanked the author mrtools for the post (total 5):
Akela, Jimmy, Krunal Gajjar, Sutatong, moey_dw

Re: Velocity, Momentum & ROC Indicators for MT4

505
mrtools wrote: Sat Jul 26, 2025 11:56 am Hopefully one of these hasn't been made, this is a synthetic smoothed momentum (Mladens smoothed version) with floating levels and alerts.

To those not familiar with Mladen's smoothed momentum this is his explanation:

For people using momentum:

Momentum is a very useful indicator. But probably the biggest problem it has is that it can create a lot of false signals simply because it is not smooth. This is one way how it can be solved without adding any lag at all (on the contrary: in some cases, it is faster than momentum). Here is a comparison: red is the smoothed momentum, blue is the regular momentum (same period, same price)


sm.gif
It performs very good. Any chance of mtf?
These users thanked the author Sutatong for the post:
mrtools


CodeRe: Velocity, Momentum & ROC Indicators for MT4

510
Momentum Ratio Oscillator for MT4 & MT5

Theory :

The indicator is calculating a smoother value of momentum ratio (current value compare to previous value) using a series of ema calculations for smoothing. The result is a bit similar to some already existing indicators (like the volume zone or price zone oscillators), but that comes from the usage of the ema for smoothing (ema produces that "smooth step like" results when the values change suddenly) - the math used for those is completely different.

Usage :

In this version you can use either color changes or levels crosses (since the indicator is bound to 0 to 1 range) as signals

Did a mt4 version.