momentum trend indicator

[michael.arnoldi@xxxxxxxx]

i developed an interesting formula (for what it's worth) and call it 
momentum trend indicator.
it returns +1 if true (up trend) & -1 if not true (down trend)
it lags the price by 6 days, so its for long term trends.

If(Mov(C-Ref(C,-5),10,E)>(Mov((Ref(C,-1)-Ref(C,6)),10,E)),1,-1)

note: for shot term signals replace Ref(C,6) with Ref(C,- 6)

maybe someone can use it (for mutual funds)

****  always trying & thinking ****
mike  :>))