Author:Andrey N. Bolkonsky
If you’re looking to spice up your trading strategy, let me introduce you to the Blau_Mtm Indicator, a powerful tool inspired by the work of William Blau. Check out his book, Momentum, Direction, and Divergence, which dives deep into momentum indicators for technical analysis.
Unlike the standard iMomentum indicator that you might be familiar with, the Blau_Mtm focuses on calculating the absolute price change and incorporates a smoothing technique to enhance your trading signals.
How to Install:
- Place WilliamBlau.mqh in your terminal_data_folder\MQL5\Include\
- Put Blau_Mtm.mq5 in your terminal_data_folder\MQL5\Indicators\
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