Momentum indicator - page 2

Linuxser
5823
Linuxser  
alaomega11:
i was wondering

about some indicators

like macd,stoch,rsi,cci,etc

what is the point using these on the same chart

all the above show the same thing ,momentum

would be better to use indicators which show diferent things ?

can anyone suggests indicators which show diferent values than momentum ?

It shows momentum calculated on different ways, that's make the difference. Also, bounded/unbounded is another (not tiny) difference.

However correlation between indicators is high as Chande & Kroll demonstrated:

Files:
ck.jpg  27 kb
panos
23
panos  
Linuxser:
It shows momentum calculated on different ways, that's make the difference. Also, bounded/unbounded is another (not tiny) difference.

However correlation between indicators is high as Chande & Kroll demonstrated:

thanks Linuxser

from the table you posted

it seems that these indicators are corellated and they will show the same signal if you have all of them on your chart

some faster some slower but they will show you the same thing in a diferent way ,

which are the indicators which dont show momentum bu something else

or all the indicators show momentum in different ways?

Linuxser
5823
Linuxser  
alaomega11:
thanks Linuxser

from the table you posted

it seems that these indicators are corellated and they will show the same signal if you have all of them on your chart

some faster some slower but they will show you the same thing in a diferent way ,

which are the indicators which dont show momentum bu something else

or all the indicators show momentum in different ways?

Trendlines, Fibonacci, Speed Lines, Pivots, SR levels, etc are indicators too.

fxbs
3204
fxbs  

Momentum-ROCS!

ROC'n Roll - ROC as you wish(choose your poison):

switch(ROC Type)

case 1 : Type1="MOM"; break;

case 2 : Type1="ROC"; break;

case 3 : Type1="ROCP"; break;

case 4 : Type1="ROCR"; break;

case 5 : Type1="ROCR100"; break;

case 1 : Buffer1= (price - prevPrice); break; // "MOM"

case 2 : Buffer1= ((price/prevPrice)-1)*100; break; // "ROC"

case 3 : Buffer1= (price-prevPrice)/prevPrice; break; // "ROCP"

case 4 : Buffer1= (price/prevPrice); break; // "ROCR"

case 5 : Buffer1= (price/prevPrice)*100; break; // "ROCR100"

Files:
roc2_vg.mq4  5 kb
vampiricaura
50
vampiricaura  

it is irrevelant but i have heard many times recentley.What is elite section about this forum?Can someone clarify?

fxbs
3204
fxbs  

you can click there (where it sayes)

Files:
elite_sect.jpg  100 kb
vampiricaura
50
vampiricaura  
fxbs:
you can click there (where it sayes)

thanks a lot ,it is strange how i have not seen that so far.

fxbs
3204
fxbs  

yepp

or just google "elite section" on tsd

https://www.mql5.com/en/forum/general

p.s. should be somewhere but Linuxer or ND might have deleted it (by mistake)

ardi_nunu
15
ardi_nunu  

can anyone tell me how to calculate the value of momentum

I have some question please ....

I'am new in mql4 programming......

can anyone tell me how to calculate in mql4 what's the value of momentum in specific bars? ???

ccjjaa
1993
ccjjaa  
ardi_nunu:
I have some question please ....

I'am new in mql4 programming......

can anyone tell me how to calculate in mql4 what's the value of momentum in specific bars? ???

The RED numbers below are the Different Bars

double MOM_0 = iMomentum(Symbol() ,0,14,0,0); // Current Bar

double MOM_1 = iMomentum(Symbol() ,0,14,0,1); //1 Bar back

double MOM_2 = iMomentum(Symbol() ,0,14,0,2); // 2 Bars back

double MOM_3 = iMomentum(Symbol() ,0,14,0,3); // 3 Bars back

double MOM_4 = iMomentum(Symbol() ,0,14,0,4); // 4 Bars back

double MOM_5 = iMomentum(Symbol() ,0,14,0,5); // 5 Bars back

ObjectDelete("MOM_BAR_0");

ObjectCreate("MOM_BAR_0", OBJ_LABEL,0, 0, 0);

ObjectSetText("MOM_BAR_0",DoubleToStr(MOM_0,Digits), 20, "Arial", White);

ObjectSet("MOM_BAR_0", OBJPROP_CORNER, 1);

ObjectSet("MOM_BAR_0", OBJPROP_XDISTANCE, 150);

ObjectSet("MOM_BAR_0", OBJPROP_YDISTANCE, 10);

This will give you a Momentum Number on the Chart for the Bar you use. Example is the Current Bar.

cja