Blau_Mtm – indicator MetaTrader 5

Author: Andrey N. Bolkonsky

Momentum Indicator by William Blau (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).

In contrast with built-in standard iMomentum indicator, it calculates the absolute price change. In addition, it uses smoothing.

Installation:

  • WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\
  • Blau_Mtm.mq5 must be placed in terminal_data_folder\MQL5\Indicators\

William Blau Momentum


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