Forex i Anch Mom Indicator

Forex i Anch Mom Indicator:

A non-normalized oscillator implemented in the form of a color histogram.

The formula for the calculation:

iAnchMom = 100 * ( ( SMA (SMAPeriod, bar ) / SMA ( SMAPeriod, bar ) ) – 1.0 )

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 02.11.2007.

Test results:

Forex i Anch Mom Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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