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Simple Momentum for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker, momentum
The momentum of a security is the ratio of today’s price compared to the price x-time periods ago. Similar to what you’ll find in Metastock ,Trade Station 2000i or Advanced Get.
By Alex Fler – alexfler [at] mail.ru
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Indicator / Formula
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/* Momentum indicator */
/* The momentum of a security is the ratio of today's price compared to the price x-time periods ago */
/* Coded by Alex Fler */
periods=Param("Periods",14,2,200,1);
Plot( mom=(Close/Ref(Close,-periods)-1),_DEFAULT_NAME(),ParamColor("Color", colorCycle ), ParamStyle("Style") );
Plot(0,"",colorBlue,style=32);0 comments
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