Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
For Portfolio Manager Click Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

BODY Momentum by Perry Kaufman for Metastock
maestro
over 10 years ago
Metastock

Rating:
5 / 5 (Votes 1)
Tags:
metastock, oscillator

Body Momentum is a trading indicator described in Perry Kaufman’s book. It is an oscillator type indicator that moves between 0 and 100 and computes the percentage of bars that closed above the open price (white/green candle) during a specific period.

A period of 10 and a value of 100 for the body momentum indicator indicate that for the past 10 bars, the stock has always closed above its open price.

Screenshots

Files

Indicator / Formula

Copy & Paste Friendly
Lb:=Input("Look-Back Period?",3,60,14);
B:=CLOSE - OPEN;
Bup:= Sum(B > 0, Lb);
Bdn:= Sum(B < 0, Lb);
BM:=(Bup/(Bup+Bdn))*100;
Mov(Bm,3,S)

0 comments

Leave Comment

Please login here to leave a comment.

Back