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.