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 |//+-----------------------------------+inputuint MomPeriod=8; // SMA periodinputuint SmoothPeriod=6; // EMA periodinputENUM_APPLIED_PRICE IPC=PRICE_CLOSE;// Price on which the indicator is calculatedinputdouble UpLevel=+0.025; // Upper breakout levelinputdouble DnLevel=-0.025; // Lower breakout levelinputint 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
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