wa m i
Info
The wa m i is a Indicator for MetaTrader 5 that this momentum indicator was described in article "optimizing the pulse" by anthony w. warren in the s & c magazine in april, 1994.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use wa m i
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this momentum indicator was described in article "optimizing the pulse" by anthony w.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Trend Regime Inspector for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
this momentum indicator was described in article "optimizing the pulse" by anthony w. warren in the s & c magazine in april, 1994.
Also recommended: Stochastic Reversal Signal Indicator - similar indicator with strong performance on MetaTrader 5.
it has nine input parameters:first ma period
- first ma calculation period
first ma method
- first ma calculation method
second ma period
- second ma calculation period
second ma method
- second ma calculation method
third ma period
- third ma calculation period
third ma method
- third ma calculation method
signal ma period
- signal line calculation period
signal ma method
- signal line calculation method
applied price
- calculation price
calculation:
where:
where:
You may also like: Quantora Account Health Monitor MT5: Professional Account Health and Risk Monitoring - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.