MomentumPercent

Description

The Momentum% study measures the velocity of price changes for a fixed time interval. Momentum is a price expressed as a percentage of an earlier price.

It is considered a Buy signal, when the Momentum% values start to rise, and a Sell signal when the values start to decrease.

Input Parameters

Parameter Description
price The price to be used in calculations.
length The number of bars to go back to find the past price.

Plots

Plot Description
Momentum, % The Momentum% indicator.
MediumLine Level of 100%.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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