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Anchored Momentum with Exponential Smoothing for Amibroker (AFL)
Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker
Momentum measures the rate of the rise or fall in stock prices. From the standpoint of trending, momentum is a very useful indicator of strength or weakness in the issue’s price. History has shown us that momentum is far more useful during rising markets than during falling markets; the fact that markets rise more often than they fall is the reason for this. In other words, bull markets tend to last longer than bear markets.
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Indicator / Formula
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Mode = ParamToggle("Smoothing", "On|Off" );
MomPer = Param("Momentum Periods", 10, 1, 100, 1);
SmaPer = Param("Moving Average Periods", 7, 1, 1000, 1);
EmaPer = Param("Exponential Moving Average Periods", 7, 1, 1000, 1);
BaseLine = 0;
if( Mode == 1)
{
Mom = 100 * ((Close / MA(Close, (2 * MomPer) + 1) ) - 1);
}
else
{
Mom = 100 * ((EMA(Close, EmaPer) / MA(Close, (2 * MomPer) + 1) ) - 1);
}
Plot( Mom, "Anchored Momentum", ParamColor( "Color", colorBlue ), 1 );
Plot( BaseLine, "BaseLine", colorRed, styleNoTitle, 1 );0 comments
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