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Momemtum Indicator

Simply put, this indicator measures the amount of change in price over the specified time period.  Extreme momentum readings occur at the strongest point of the current trend.  Overbought and oversold levels are set separately for each security, based on the performance of the indicator over past cycles.  Use this indicator to determine when to go long or short.  When the trend changes to bullish and the momentum indicator crosses above the zero line, it is time to consider a long position.  The inverse is also true for either closing a long or opening a short position.

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