Unlock Trading Success with the AnchoredMomentum Indicator for MetaTrader 5

Meet the Creator:

Umnyashkin Victor

This comprehensive analysis was conducted by Konstantin Kopyrkin.

Understanding the Calculation:

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

Indicator Input Parameters:

//+-----------------------------------+
//| INDICATOR INPUT PARAMETERS        |
//+-----------------------------------+
input uint MomPeriod=8; // SMA period
input uint SmoothPeriod=6; // EMA period
input ENUM_APPLIED_PRICE IPC=PRICE_CLOSE;// Price on which the indicator is calculated
input double UpLevel=+0.025; // Upper breakout level
input double DnLevel=-0.025; // Lower breakout level
input int Shift=0; // Horizontal shift of the indicator in bars
//+-----------------------------------+

This indicator first made its debut in MQL4 and was published on Code Base at mql4.com on October 8, 2012.

Fig.1 The AnchoredMomentum Indicator