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Technical Studies Reference


Momentum Trend

This study is based on the Momentum study. Refer to that study for a full explanation of the notation used here.

A point is drawn on the bar high if \(M_{t - 1}(X,n) < M_t(X,n)\), and a point is drawn on the bar low if \(M_{t - 1}(X,n) \geq M_t(X,n)\). This is done for all \(t > n\).

Inputs

  • Input Data
  • Length
  • Momentum Type: This custom Input determines whether the Difference or Quotient version of the Momentum formula is used.

Spreadsheet

The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.

Open it through File >> Open Spreadsheet.

Momentum_Trend.62.scss


*Last modified Wednesday, 01st September, 2021.