Futures Charts
- Technical Analysis Help
Momentum
The Momentum study is an overbought/oversold oscillator.
It is calculated by subtracting the value returned by the
parameter PRICE for the current bar from the value
returned by the parameter PRICE for the bar that occurred
LENGTH bars ago.
If the value for the current bar exceeds that of the
bar in the past, the value of the function is positive. If
the value for the current bar is less than that of the bar
in the past, the value of the function is negative.
Therefore, the values returned by the
MOMENTUM function oscillates above and below zero.
If the market has decreased by more than x points, the
market is considered to be oversold. If the market has
increased by more than x points, the market is considered
to be overbought.
Technical Analysis Studies Available to you
are:
You can adjust parameters of each indicator
to suit you.
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