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Re: Momentum & Velocity



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The following formula attempts to deal with this.  It is from the book
by Ulf Jensen "How I Tripled My Money In The Futures Market", p.83.  It
shows successive derivatives: Velocity, Momentum, and what he calls
Kurtosis:

VALUE1 = @MOMENTUM(C,3);
VALUE2 = @MOMENTUM(C,3)[1];
VALUE3 = .03*(VALUE1-VALUE2)+(1-.03)*VALUE3;
VALUE4 = WAVERAGE((VALUE3),3);
INPUT:BUYZONE(0);
PLOT1(VALUE3,"FK");
PLOT2(VALUE4,"FSK");
PLOT3(BUYZONE,"BZ");

He then goes on to combine this with what he calls the TD-3 indicator
(TD for Tick Difference, not that other guy):

WAVERAGE((UPTICKS-DOWNTICKS),3);

Sorry I can't provide any experience of this.  Comments?

HHP