Indicators: Candlestick Momentum Blau_CMtm
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Candlestick Momentum Blau_CMtm:
Candlestick Momentum Indicator (q-period Candlestick Momentum) by William Blau is described in the book "Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis".
Candlestick momentum can be plus or minus in the sense that an up momentum is positive when the close is greater than the open; the reverse is true when the open is greater than the close giving a negative value to the downward momentum.
Author: Andrey N. Bolkonsky