Indicator Price Momentum Oscillator. It is based on the double-smoothed rate of change (ROC).
It has three adjustable parameters:
- Period one – primary smoothing period
- Period two – secondary smoothing period
- Signal period – signal line smoothing period
PMO = Smoothing2
Signal = AvgPMO
Smoothing1 = (Raw1 – PrevSmoothing1) * sm1+PrevSmoothing1
Smoothing2 = (Raw2 – PrevSmoothing2) * sm2+PrevSmoothing2
Raw1 = (((Close / PrevClose) * 100.0) – 100.0)
Raw2 = 10.0 * Smoothing1
sm1 =2.0/Period one
sm2 = 2.0/Period two
AvgPMO = EMA(PMO, Signal period)
MT5 Indicators – Download Instructions
Price Momentum Oscillator MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Price Momentum Oscillator MT5 Indicator 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. Click here for MT5 Strategies
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How to install Price Momentum Oscillator MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Price Momentum Oscillator MT5 Indicator.mq5
- Copy Price Momentum Oscillator MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Price Momentum Oscillator MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Price Momentum Oscillator MT5 Indicator.mq4 is available on your Chart
How to remove Price Momentum Oscillator MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Price Momentum Oscillator MT5 Indicator (Free Download)
Click here below to download: