Stock Portfolio Organizer
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#1 Selling Amibroker Plugin featuring:
BODY Momentum by Perry Kaufman for Metastock
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.
Indicator / Formula
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)
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