This function monitors change in prices.
It indicates if prices are increasing at an
increasing rate or decreasing at a decreasing rate. It is a measurement of the acceleration and deceleration of prices.
Parameters:
Period Period to Calculate the Momentum
Momentum(t) = Price(t) - Price(t - period)
Arguments:
OHLC of TimeFrame or
any outputIndicator of the TimeFrame
Output Indicators:
mo
Example:
Study Name Expanded in a 3 minute timeframe:
I3_Momentum(5)(I3CloseI3)_I3
This study calculates the Momentum on the 3 minute timeframe, of the 3 minute close.
The Period is 5.
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::mo
