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Anchored Momentum
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=3648
Forum: 17 · Topic 3648 · 6 post(s)
Anchored Momentum
Apprentice · Tue Mar 15, 2011 10:00 am
The formula for the calculation of the oscillator. If you choose, you can replace the first moving average with closing price. Anchored Momentum [period] = 100*((MA_One /MA_Two)-1);
The indicator was revised and updated
Re: Anchored Momentum
jeisenm · Tue Mar 15, 2011 11:48 am
how do you use this indicator? i see lots of red bars where the price is rising. does this indicate strength of trend only without regard to trend?
Re: Anchored Momentum
cyanidez · Wed Mar 16, 2011 4:29 am
Hi Apprentice,
Very interesting indicator, thanks for the work!
Do you have any recommendations how to effectively use this? I can see that something like “if the bars are green and changes to red, sell” may work sometimes, but I assume it’s definitely not as clear-cut as that.
Any thoughts?
Thanks
Re: Anchored Momentum
Apprentice · Wed Mar 16, 2011 4:53 am
In this case, I’m primarily a programmer.
From my observation, it behaves like this. A positive value suggests the existence of up trend. A negative value suggests the existence of a down trend. Zero Line Crossover generates signals.
Change in the color suggests a weakening trend, Possible change in trend.
Re: Anchored Momentum
Alexander.Gettinger · Wed Nov 26, 2014 3:26 pm
MQL4 version of Anchored Momentum oscillator: viewtopic.php?f=38&t=61551.
Re: Anchored Momentum
Apprentice · Mon Jun 26, 2017 10:18 am
The indicator was revised and updated.