Profile Picture

Momentum? Momentum!

Posted By DrKoch 10 Years Ago
Message
Posted Wednesday September 05 2007
Your Momentum indicator shows values around 100, probably its a percentage? Cool
(Please show all indicator formulas in Indicator's Help text)

I think the "classic" (so called) momentum indicator is Price_1 - Price_N. (A classical misnomer of course...)


www.finantic.de

Our Trading System at C2: Topaz
Posted Thursday September 06 2007
Our momentum indicator is the ratio of the current value to the value n bars ago, where n is the periods, expressed as a percentage.

I've added a bug to add the formulas for indicators to their help text.

Posted Friday September 07 2007
dplaisted (9/6/2007)
Our momentum indicator is the ratio of the current value to the value n bars ago, where n is the periods, expressed as a percentage.


Hmmm...
To arrive at this "percentage" you have to subtract 100.0 ...


www.finantic.de

Our Trading System at C2: Topaz

Edited: Friday September 07 2007 by DrKoch
Posted Friday September 07 2007
The exact formula we use is (todaysPrice / previousPrice) * 100.0.

Thanks,
Daniel

Posted Friday September 07 2007
dplaisted (9/7/2007)
The exact formula we use is (todaysPrice / previousPrice) * 100.0.


Yes. And it should be either

(p1/p1 - 1) * 100

or

p1/p2 * 100 - 100

to result in "percentage change"...

(which is called "Rate of Change (ROC) in TA. Momentum is p2-p1, in dollars, not a percentage in TA)


www.finantic.de

Our Trading System at C2: Topaz

Edited: Friday September 07 2007 by DrKoch


Similar Topics


Reading This Topic


2005-2017 © RightEdge Systems