New free code from MQL5: indicators, EAs, and scripts for traders.
A non-normalized oscillator implemented in the form of a color histogram.
The formula for the calculation:
iAnchMom = 100 * ( ( SMA (SMAPeriod, bar ) / SMA ( SMAPeriod, bar ) ) - 1.0 )
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Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 02.11.2007.
Figure 1. The iAnchMom indicator
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