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Velocity Oscillator Uses Triple Averaging to Filter Direction

Article MQL5 code base
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Summary

Velocity_v2 is described as a momentum oscillator that applies triple averaging and includes a signal line. The averaging is used to filter the indicator’s direction, giving traders a smoothed view of momentum. The note identifies the indicator’s original implementation as an MQL4 release and says it relies on reusable smoothing classes from a separate library.

The document offers a high-level description rather than a full method specification. It does not explain the oscillator’s calculation, define how the signal line should be traded, or provide parameter guidance, market examples, backtests, or risk controls. Its reference to an illustrative figure supplies no recoverable evidence in the text. As a result, the note supports understanding the intended role of the smoothing, but not judging whether the indicator produces reliable signals or performs better than simpler momentum measures.

Key ideas

  • Velocity_v2 is presented as a momentum oscillator with a signal line.
  • Triple averaging is used to smooth and filter the indicator’s direction.
  • The text identifies the indicator as originally implemented in MQL4.
  • The description does not specify trading rules, parameters, or performance evidence.

Tags

MomentumTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.