MTM - Momentum Indicator

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MTM - Momentum

Description
The Momentum indicator is a speed of movement indicator that is designed to identify the speed (or strength) of price movement. This indicator compares the current close price to the close price N bars ago and also displays a moving average of this difference.

Category
Momentum Indicators

Parameters
N ( Default: 6 Min: 1 Max: 100 )
N1 ( Default: 6 Min: 1 Max: 100 )

Chart Script
MTM : CLOSE-REF(CLOSE,N);
MTMMA : MA(MTM,N1)

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ملاحظات الأخبار

+ Remove hline
+ MA color change when cross