MomentumMetaTrader 5 • MQL5
Momentum Oscillator Indicator for MetaTrader 5
Rate of price change oscillator with zero-line crossover alerts
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About This Indicator
The Momentum oscillator measures the rate of change in price over a set period, oscillating around zero. Positive values indicate upward momentum; negative values show downward pressure. Includes color-coded histogram and zero-line crossover alerts.
Key Features
- Momentum oscillator around zero line
- Color histogram: green positive, red negative
- Alert on zero line crossovers
- Configurable period and applied price
- EMA signal line overlay
Frequently Asked Questions
How is momentum different from MACD?
Momentum measures absolute price change over a period, while MACD measures the difference between two exponential moving averages.
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