Momentum EAs, indis, scripts & libraries

Momentum – indicator for MetaTrader 5

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Momentum Technical Indicator
The Momentum technical indicator measures the amount that a security’s price has changed over a given time period. There are basically two ways to use the Momentum indicator: You can use the Momentum indicator as a trend-following oscillator similar to the Moving Average Convergence/Divergence (MACD). Buy when the indicator bottoms and turns up and sell

Stochastic Momentum Blau_SM – indicator for MetaTrader 5

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Definition of Stochastic Momentum by William Blau
Author: Andrey N. Bolkonsky Stochastic Momenum (Stochastic Momentum, SM) by William Blau (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis). The q-period Stochastic Momentum is defined as a distance of the current close from the midpoint of q bars. The value of Stochastic Momentum indicates the distance between the midpoint

Stochastic Momentum Index Blau_SMI – indicator for MetaTrader 5

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Stochastic Momentum Index Blau_SMI
Author: Andrey N. Bolkonsky Stochastic Momentum Index (SMI) by William Blau is based on Stochastic Momentum Indicator (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis). Stochatic Momentum Index is normalized (to half of q-period price range) and mapped into the [–100,+100] interval. The values of SMI is interpreted as overbought

Stochastic Momentum Oscillator Blau_SM_Stochastic – indicator for MetaTrader 5

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Stochastic Momentum Oscillator
Author: Andrey N. Bolkonsky Stochastic Oscillator by William Blau is based on Stochastic Momentum Index Indicator (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis). WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_SM_Stochastic.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ Stochastic Momentum Oscillator Calculation: Stochastic Momentum Oscillator is calculated as follows: SM_Stochastic(price,q,r,s,u) = SMI(price,q,r,s,u)

Candlestick Momentum Blau_CMtm – indicator for MetaTrader 5

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The definition of the q-period Candlestick Momentum
Author: Andrey N. Bolkonsky Candlestick Momentum Indicator (q-period Candlestick Momentum) by William Blau is described in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_CMtm.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ Momentum is the difference between the current price (for example, closing price of

Candlestick Momentum Index Blau_CMI – indicator for MetaTrader 5

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Candlestick Momentum Index
Author: Andrey N. Bolkonsky Candlestick Momentum Index (CMI, based on Candlestick Momentum Indicator) is described by William Blau in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_CMI.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ The values of Candlestick Momentum Indicator are normalized (by absolute

Composite High/Low Momentum Blau_HLM – indicator for MetaTrader 5

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Composite High-Low Momentum Indicator by William Blau
Author: Andrey N. Bolkonsky The Composite High-Low Momentum is described by William Blau in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_HLM.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ Composite High-Low Momentum Indicator by William Blau Calculation: The Composite High/Low Momentum is calculated as

Chande Momentum Oscillator – indicator for MetaTrader 5

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Chande Momentum Oscillator (CMO)
Real author: Tushar Chande Desciption: The Chande Momentum Oscillator (CMO) was developed by Tushar Chande and is a technical indicator that attempts to capture the Momentum. Chande discussed this and many other indicators in his book “The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators”. Тhe range of CMO is from

Module of Trade Signals, based on Chande Momentum Oscillator – library for MetaTrader 5

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Chande Momentum Oscillator system
The signals are formed at completed bars. Chande Momentum Oscillator is used as a custom indicator for module of trade signals. The Downward crossover of -50 level is a signal to open a long position, the upward crossover of 50 level is a signal to open short position. The following input parameters were used when