Momentum

Calculation

where:

"Price" can be Close, Open, High, Low, HL MidPoint, HLC MidPoint or HLCO MidPoint
"Length" is the number of chart points used in the calculation of momentum

From "Indicator Properties" you can change the settings for indicator:

This indicator has 2 components: "MOM" and "Zero Line". You can set line thickness, color and style for these elements. The "Price" used in the construction of indicator can be: Close, Open, High, Low, HL MidPoint, HLC MidPoint or HLCO MidPoint. You can also change the "Length" used in the calculation of moving averages.

Momentum indicator on ESZ07 chart

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