Hi there dear friend Apprentice. Here is the formula for Linda Rashcke 3-10 Momentum Oscillator.
threeMA = MA(C, 3);
tenMA = MA(C, 10);
threeTen = threeMA - tenMA;
trendLine = MA(threeTen, 10);
Plot(threeTen, "3-10 Line", colorGreen, styleLine, Null, Null, 0, 0, 2);
Plot(threeTen, "3-10 Line", colorGreen, styleHistogram + styleNoLabel, Null, Null, 0, 0, 2);
Plot(trendLine, "Trend Line", colorBlue, styleLine, Null, Null, 0, 0, 2);
Plot(0, "0 Line", colorGrey40, styleDashed + styleNoLabel, Null, Null, 0, 0, 2);
My idea is to replace the MAs for VWMAs. I think the signals and readings will be more reliable if we use volume weighted moving averages.
You could compile both versions for MT4 and compare the results.
Cheers!