TechnoMeter

Momentum analysis can help traders observe changes in the strength and direction of price movement, but direct price movement can be difficult to interpret when it is affected by short-term fluctuations. This article demonstrates how to build a Two-Pole Momentum Oscillator in MQL5. It measures price deviation from a moving average, normalizes it using the recent mean and standard deviation, and applies two-stage smoothing to produce the final oscillator.

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