Price Momentum
- Indicadores
- Flavio Javier Jarabeck
- Versión: 1.2
- Actualizado: 8 julio 2021
Value Chart indicator presents the Price evolution in a new form. This indicator, Price Momentum, was developed taking all the calculations presented in the book "Dynamic Trading Indicators" by Mark W. Helweg and David Stendahl (2002). The technique involves de-trended Prices from a user-defined Period of analysis and the addition of a Volatility index correction. The result is an Oscillator with 3 zones: Fair Price Value, Overbought/Oversold and Extremely Overbought/Oversold zones.
Adding this indicator to your Price Action analysis and/or in conjunction with other market analysis will bring you more chances of success in your trades.
SETTINGS
- Period to analyze
- Extreme Overbought level
- Overbought level
- Oversold Level
- Extreme Oversold Level
- Colors of all Levels
- Moving average Period over the Price Momentum index
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