This indicator is a ported MQL5 indicator from http://www.mql5.com/ru/code/1779 (in Russian).
Formulas:
Velocity = MA3-100,
Signal = MA4-100, where
MA4 = Moving average(MA3) with Signal_Method as Method and Signal_Period as Period,
MA3 = Moving average(MA2) with Velocity_Method as Method and Velocity_Period as Period,
MA2 = Moving average(MA1) with Velocity_Method as Method and Velocity_Period as Period,
MA1 = Moving average(Momentum) with Velocity_Method as Method and Velocity_Period as Period.
Download:
For this indicators must be installed Averages indicator (viewtopic.php?f=17&t=2430).
For this indicators, MOMENTUM indicator must be installed.
viewtopic.php?f=17&t=896&p=1638&hilit=MOMENTUM#p1638
The indicator was revised and updated