Fast Trend Line Momentum Oscillator (FTLM) shows the rate of price change.
The histogram is based on the values of FATL, RFTL, STAL and RSTL digital filters.
- The histogram rises over the level 0 – bullish trend;
- Bullish divergence: prices fall while the FTLM histogram fails to score new lows, a bullish trend is likely to start.
- The histogram crosses below the level 0 – bearish trend;
- Bearish divergence: prices rise while the FTLM fails to score new highs, a downward correction of prices is expected.
- File: FTLM_hist.mq4
- Size: 6 Kb
- File: FTLM_KG_hist.mq4
- Size: 10 Kb