Trendilo MT5

Category: momentum, volatility

A momentum oscillator based on ALMA-smoothed price changes and cumulative variance, creating a band-normalized signal.

Formula

Trendilo = \text{SMA}(\text{ALMA}(\Delta Price, length), smooth) / \text{CumulativeSum}(\text{ALMA}(|\Delta Price|, length))\times bmult

Inputs

• length (default: 50)
• src (default: PriceClose)
• smooth (default: 1)
• offset (default: 0.85)
• sigma (default: 6)
• bmult (default: 1)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.