[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Relative Momentum Index



PureBytes Links

Trading Reference Links

Ton Maas pointed out:

> Note that the build-in Equis' Momentum-custom formula is 'dividing'
written as follows
>     (C/Ref(C,-12))*100
> whereas your Momentum is 'substracting' written
>     (C-Ref(C,-12))*100
> both referencing to the same earlier date and where for both too the
multiplying
> by 100 factor is only added, since that it is used for Y-scale plotting
only and
> not for/of real true value for the prime contents of the formulas.

Rats!  I'd forgotten that they make momentum equivalen to rate of change.
I think you've found my problem.

Thanks yet again.

Owen Davies