fxcodebase-backup
Momentum
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=896
Forum: 17 · Topic 896 · 8 post(s)
Momentum
Alexander.Gettinger · Fri Apr 30, 2010 11:26 am
The Momentum Technical Indicator measures the amount that a security’s price has changed over a given time span.
Calculation: Momentum is calculated as a ratio of today’s price to the price several (N) periods ago.
MOMENTUM = CLOSE(i)/CLOSE(i-N)*100
Where: CLOSE(i) — is the closing price of the current bar; CLOSE(i-N) — is the closing bar price N periods ago.
Code: Select all `function Init() indicator:name(“Momentum”); indicator:description(“Momentum”); indicator:requiredSource(core.Tick); indicator:type(core.Oscillator); indicator.parameters:addInteger(“N”, “N”, “Period”, 14);
indicator.parameters:addColor(“clrMom”, “Color of momentum”, “Color of momentum”, core.rgb(0, 255, 0)); end
local first; local source = nil; local N;
function Prepare() source = instance.source; N=instance.parameters.N; first = source:first(); local name = profile:id() .. “(“ .. source:name() .. “, “ .. N .. “)”; instance:name(name); Momentum = instance:addStream(“Momentum”, core.Line, name .. “.Momentum”, “Momentum”, instance.parameters.clrMom, first); end
function Update(period, mode) if (period>first+N) then Momentum[period]=source[period]*100./source[period-N]; end end`
Simple momentum strategy. viewtopic.php?f=31&t=65737&p=117765#p117765
Re: Momentum
Alexey · Tue Nov 29, 2011 8:16 pm
Hello,
What about CMO oscillator in FXCM Marketscope ? Isn’t it the same thing ?
Regards,
Re: Momentum
Apprentice · Thu Dec 01, 2011 8:54 am
They are not. Formula for Momentum source[period]*100/source[period-N];
Formula for CMO
diff = source[period] - source[period - 1];
if diff > 0 then cmo1[period] = diff; elseif diff < 0 then cmo2[period] = -diff; end
s1 = mathex.sum(cmo1, p, period); s2 = mathex.sum(cmo2, p, period); CMO[period] = (s1 - s2) / (s1 + s2) * 100;
Re: Momentum
Alexey · Thu Dec 01, 2011 11:40 am
So CMO isn’t the old & classical Momentum known by every one ? It is another oscillator ?
Re: Momentum
Apprentice · Fri Dec 02, 2011 5:56 pm
Yes, As the difference in the name suggests.
Re: Momentum
xpertizetrading · Thu May 28, 2015 10:44 am
Is it possible to code a Momentum Price Overlay, Similar to RSI Price overlay, as we have on fxcodebase?
Thanks, Xpertize Trading
Re: Momentum
Apprentice · Sun Jun 07, 2015 3:38 am
Momentum Price Overlay.lua Added.
Re: Momentum
Apprentice · Thu Feb 15, 2018 7:47 am
The Indicator was revised and updated.