Momentum indicator - page 6

[Mladen Rakic]

Momentum - atr normalized

Been fooling around with momentum and it seems that using atr for normalization is giving some interesting results (it can, in some case, signal an overbought and oversold conditions, which the original *non-normalized) momentum can not)

[tampa]

...

Found this one

[tampa]

A version of anchored momentum

[Mladen Rakic]

Cumulative momentum ...

Momentum can be a useful indicator when it comes to trend finding, but, as far as I am concerned, it has a problem of too much signals when it is around some levels. Simple smoothing does not work (adds lag) neither using average instead of "raw price" (for same reason - adds lag). This is one possible way to overcome that problems

Instead of calculating just a single value of momentum this one is cumulating all the momentum values up to length desired (so it is mom)1_+mom(2)+mom(3)+...+mom(n)) and you can use an averaged (smoothed) values for calculation and in this case the surprise is that there is no lag added compared to "regular" momentum calculation (in a lot of cases quite the opposite - seems that cumulating values lessens the lag). Here is one comparison of the cumulative calculation (upper) and "regular" momentum (lower)

PS: it should not be confused with a "momentum of average" (or a "slope of average)). Here is a comparison of the 3 : upper is the cumulative momentum, middle is the regular, and lowest is the slope (momentum) of average :

As it is obvious, slope (momentum) of average adds lag (as it would some "post smoothing" of momentum do that too)

[[Deleted]]

Dear Mladen , do you have Momentum bar indicator in separate window similar as you code rsi bar ?

[winner246]

Histo version of velocity

HELLO MLADEN,

Can you kindly create a HISTOGRAM VERSION of the VELOCITY indicator here on POST 51.

WHEN THE LINE IS ABOVE LEVEL 0, THE HISTO BAR WILL SHOW GREEN COLOR AND WHEN BELOW LEVEL 0, IT WILL SHOW RED COLOR.

THANKS FOR THE GREAT WORK.

[Mladen Rakic]

winner246

Here you go

winner246:
HELLO MLADEN,

Can you kindly create a HISTOGRAM VERSION of the VELOCITY indicator here on POST 51.

WHEN THE LINE IS ABOVE LEVEL 0, THE HISTO BAR WILL SHOW GREEN COLOR AND WHEN BELOW LEVEL 0, IT WILL SHOW RED COLOR.

THANKS FOR THE GREAT WORK.

[winner246]

Cumulative momentum histo

HELLO MLADEN,

Thank you very much for the VELOCITY HISTO.

Can you please also kindly create the HISTO VERSION of the CUMULATIVE MOMENTUM here on POST 55.

THANKS FOR THE GREAT WORK.

[William Snyder]

winner246:
HELLO MLADEN,

Thank you very much for the VELOCITY HISTO.

Can you please also kindly create the HISTO VERSION of the CUMULATIVE MOMENTUM here on POST 55.

THANKS FOR THE GREAT WORK.

Winner246,

This is cumulative momentum histo version

[winner246]

Cum. Mom. Histo

Hello mr tools,

thanks for the histo version of cumulative momentum.