Overview of the smTMMS Oscillator-MT5_v2.0 Indicator
The smTMMS Oscillator-MT5_v2.0 indicator combines RSI and two Stochastic calculations into a single histogram view. It is designed to show momentum strength and changes in direction with clear color transitions. By merging multiple oscillators, it helps traders quickly read market conditions without checking separate windows.
The histogram reflects bullish or bearish momentum based on the interaction of RSI and the two Stochastic layers, allowing for fast interpretation of trend acceleration or weakening.
How to Use It in Practice
In live trading, the smTMMS Oscillator-MT5_v2.0 can be used to:
- Identify early momentum shifts when the histogram changes color.
- Confirm entries by watching agreement between RSI and both Stochastic layers.
- Spot weakening momentum when the histogram fades toward neutral values.
- Support trend continuation analysis during retracements.
The tool fits well with trend-following and momentum-based strategies where timing entries and exits is key.
Parameters
RSI_Period
Sets the number of periods used for the RSI calculation. A shorter period increases sensitivity, while a longer period smooths out noise.
RSI_AppliedPrice
Specifies which price value is used to compute the RSI, such as Close price.
Stochastic_1_Period_K
Defines the %K period for the first Stochastic. Controls its responsiveness to price changes.
Stochastic_1_Period_D
Sets the %D smoothing period for the first Stochastic.
Stochastic_1_Slowing
Adds additional smoothing to the %K line for the first Stochastic.
Stochastic_1_PriceField
Chooses which price series (e.g., Low/High) is used for Stochastic 1.
Stochastic_1_MAmethod
Selects the moving average method used for smoothing the first Stochastic.
Stochastic_2_Period_K
Defines the %K period for the second Stochastic.
Stochastic_2_Period_D
Sets the %D period for the second Stochastic.
Stochastic_2_Slowing
Controls the amount of smoothing applied to the second Stochastic’s %K line.
Stochastic_2_PriceField
Specifies which price field (such as Low/High) is used for Stochastic 2.
Stochastic_2_MAmethod
Selects the smoothing method for the second Stochastic.
