AnchoredMomentum

AnchoredMomentum

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The full investigation was conducted by Konstantin Kopyrkin.

The formula for the calculation:

Anchored Momentum = 100 * (EMA[Price, EmaPeriod]  /  SMA[Price, SmaPeriod]  – 1

Indicator input parameters:

//+-----------------------------------+
//| INDICATOR INPUT PARAMETERS        |
//+-----------------------------------+
input uint MomPeriod=8; //the period of SMA 
input uint SmoothPeriod=6; //the period of EMA
input ENUM_APPLIED_PRICE IPC=PRICE_CLOSE;//price constant on which the indicator calculation is performed
input double UpLevel=+0.025; //upper breakthrough level
input double DnLevel=-0.025; //lower breakthrough level
input int Shift=0; //horizontal shift of the indicator in bars
//+-----------------------------------+

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 08.10.2012

 

MT5 Indicator – Download Instructions

AnchoredMomentum is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

AnchoredMomentum provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install AnchoredMomentum.mq5?

  • Download AnchoredMomentum.mq5
  • Copy AnchoredMomentum.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on AnchoredMomentum.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator AnchoredMomentum.mq5 is available on your Chart

How to remove AnchoredMomentum.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:

AnchoredMomentum

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