This indicator already exists... it's called Momentum. If you calculate the difference in percentage, it will be the Percentage momentum indicator, which is better, and, of course the middle line of the percentage momentum will be 100 instead of zero.
This indicator already exists... it's called Momentum. If you calculate the difference in percentage, it will be the Percentage momentum indicator, which is better, and, of course the middle line of the percentage momentum will be 100 instead of zero.
Really, same period, same results different calculation... I went back studying :-)
This indicator already exists... it's called Momentum. If you calculate the difference in percentage, it will be the Percentage momentum indicator, which is better, and, of course the middle line of the percentage momentum will be 100 instead of zero.
Hi
I would like to see a MA on the MAD to get a smoother look of it.
Also an input for other indies (not just MA) would be a great tool!
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The MAD Indicator (Moving Averge Delta):
Author: Thomas Quester