Metatrader 5 Indicators | Velocity_v2 | Free Download

RobotFX curates the best open-source MetaTrader code to inspire your trading automation.

Real author:

TrendLaboratory

The Momentum oscillator with a triple averaging and a signal line. In this case, the triple averaging is used for filtering the direction of the indicator.

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This indicator was first implemented in MQL4 and published in Code Base on 06.03.2008.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging price series for intermediate calculations without using additional buffers".

Figure 1. The Velocity_v2 indicator

Complement community code with advanced automation from RobotFX.

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