Momentum the Fixed minimizes the disadvantage of classical Momentum’a – in an active market, with a significant surge in prices Classic Momentum loses its adequacy.
All the methods of work used to Momentum’u apply to this release. Furthermore, the possibility of working with moving averages, superimposed on the indicator, which greatly simplifies the interpretation.
- Mode. Mode (see. below)
- TimeFrame. Can be displayed for any senior or current timeframe.
- Apply to price. Available analysis of 8 types of prices.
- Check period. Period, similar to the lag period for the classical Momentum’a.
- MA mode. The smoothing method. Available 4 standard method and using the regression line (see. Https://www.mql5.com/ru/market/product/7758)
- MA1 period. smoothing period for the first moving average.
- MA2 period. smoothing period for the second moving average.
- Limit bars to count. you can limit the depth of the history of shorthand to save the computing resources of your computer. If set to 0, the whole story will be charged. Caution! On the calculation may take a few minutes!
Momentum Fixed. Actually, the indicator.
Momentum Fixed with MA. Indicator with a moving average overlaid
Momentum Fixed with two MA. LED with two moving averages.
* Separated. Bonus. Separately allocated two components – the values of rise and fall during this period.
** Classic with two MA. Bonus – a version of the classic Momentum’a, unlike the built-in terminal, it displays the difference value of the current price of the selected type and price “Check period” bars ago, not their attitude. LED with two moving averages, which can be turned off by specifying None color on color selection tab. It is also possible to extinguish the indicator itself and use a smoothed line instead. Methods of working and techniques for Momentum Fixed with MA.
Why indicators give false signals? The key parameter for the vast majority of indicators is the period. Therefore, the price dynamics for the previous period has almost the same value as the current speaker. This is a problem not only Momentum (although, in relation thereto it shows much stronger since the calculations is not used the gap between the old and the current value), but also, for example, such well-loved indicators as stochastic or a moving average. Generally, what is called a “false” signal or “advancing” the signal, in fact nothing else than the influence of the old values which are greater than current ones. “Wag the Dog”, if the tail is more weighty.
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