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If you have intraday data, you might consider looking at a shorter timeframe
also, such as 1 hour or 30 minute bars.
Kent
-----Original Message-----
From: Ian Burgoyne <iburgy@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Friday, January 28, 2000 12:33 AM
Subject: Short Term Momentum Indicator
Is anyone on the list able to suggest a really good short term momentum
indicator which gets you close to the tops and bottoms of short term
trades(3-5 day). I use a 3 day RSI smoothed 3 periods as suggested by Walter
Bressert in a TASC article some time back which is not bad (see code below).
I also use the CMO in the same way but both are too similar. I'm after a
second confirming indicator. Any suggestions?
Ian
RSI code Mov(RSI(3),3,S)
CMO code Mov(CMO(C,3),3,S)
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