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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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1 2 3 4 5 6 7 | /* 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); |
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