Re: Metatrader 5 Versions of Momentum,Velocity and ROC indicators

2
Smoothed momentum
Mladen's version smoothed indicator with choice for 22 type prices - already multi time frame - and it has all the usual alerts we are used to,added some colors (to make it a bit easier to read)
Thanks to our kind Experts :)
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: Metatrader 5 Versions of Momentum,Velocity and ROC indicators

3
Corr momentum (Corrected Momentum Indicator)
Mladen : If the periods of the "Correction" is set to <0,then the calculated value is the same as the momentum (if you
compare it to the built in momentum,add 100 to it and then the values are going to be exactly the same)
In any case the "Correction" was added to the momentum in order to filter out many false signals that momentum tends to have (if you try to use momentum based on the slope,it will lead you to any thing but usable indicator - the "Corrected" method changes that and turns the momentum indicator into a more usable indicator)
Alerts are also included already - depending on color choice the alerts are triggered too,possible color/alert choices are
on outer level cross
on middle level cross
on slope change
on original momentum value cross (when 'Corrected" value is used as a kind of a signal line compared to original value)
again thanks to our creative expert :)
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: Metatrader 5 Versions of Momentum,Velocity and ROC indicators

4
mntiwana wrote: Wed Sep 27, 2017 3:52 pm Corr momentum (Corrected Momentum Indicator)
Mladen : If the periods of the "Correction" is set to <0,then the calculated value is the same as the momentum (if you
compare it to the built in momentum,add 100 to it and then the values are going to be exactly the same)
In any case the "Correction" was added to the momentum in order to filter out many false signals that momentum tends to have (if you try to use momentum based on the slope,it will lead you to any thing but usable indicator - the "Corrected" method changes that and turns the momentum indicator into a more usable indicator)
Alerts are also included already - depending on color choice the alerts are triggered too,possible color/alert choices are
on outer level cross
on middle level cross
on slope change
on original momentum value cross (when 'Corrected" value is used as a kind of a signal line compared to original value)
again thanks to our creative expert :)

mrtools

Could you make a CCI version?

Re: Metatrader 5 Versions of Momentum,Velocity and ROC indicators

5
ruden wrote: Fri Nov 30, 2018 2:33 am


mrtools

Could you make a CCI version?
There are a lot of versions and variations of "CCI",can you explain with illustrating picture/s if possible
PS : Please post your all kind queries at "Request & Idea" thread,for to keep clean all rest of MT5 indicators threads/topics
here
viewtopic.php?p=1295382667#p1295382667
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


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