mom

Function Name: mom

Tags: None

Category: Momentum

The Momentum is calculated by computing the continuous difference between prices at fixed intervals. The default settings calculate and plot the net change between the Close of a bar and the Close 20 bars earlier. Measuring current prices versus earlier prices sheds light on the pace of a trend and possible trend reversals. It may also be useful in identifying overbought and oversold conditions when the Momentum becomes extremely strong or weak.

 

Link:       http://www.investopedia.com/terms/m/momentum.asp

 

period
	Default Value: 20  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric