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--- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> [from April's Activetrader magazine]
>
> 100*[{EMA2(EMA1(mtm))}/{EMA2(EMA1(|mtm|))}]
>
> where:
> mtm = one day momentum
> |mtm| = absolute value of one day momentum
> EMA1 = longer term EMA [60 bars, for example]
> EMA2 = shorter term EMA [5 bars, for example]
>
> Any criticisms on this?
here is your indicator
MTM:=C-Ref(C,-1);
A1:=100*(Mov(Mov(MTM,5,E),60,E)/ Mov(Mov(Abs(MTM),5,E),60,E));
A1;
I think it is a little choppy in a sideways market
Henry
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