Momentum indicator

Momentum indicatorMomentum Indicator

The Momentum Indicator is an indicator that calculates the value price shifts during a specific period of time, often defined as “X” candles. One of the things that make it a little unusual, Momentum is used as a Leading Indicator. This tool takes into the account that the price will absolutely increase towards the end of an uptrend because everyone is “sure” price will continue to increase. This is often a warning in the markets, and is quite common as people get “too bullish”, or in the opposite situation, “too bearish”.

Just like the MACD Indicator. Momentum is used as an oscillator following the tendency of the general health of the markets. In this situation, if the indicator makes a new low and begins to rise, a buy signal is being transmitted. If the indicator comes up makes a new high only to turn downwards, the signal to sell is shown.

The Momentum indicator calculates the pair's rate of change, which is what makes it a leading indicator. The Momentum indicator forms an oscillator that rises above and falls below the 100 level. Buy and sell signals can be found by centerline crossovers and divergence.

When the signal line crosses over the 100 mark, it is signaling that the momentum is turning upward, and that a buy position is recommended. The opposite is true if the line crosses below the 100 line. This shows momentum is shifting towards the downside.

To use the indicator for divergence, it should be noted that if momentum isnt in synch with price action, it often shows a lack of underlying strength. The price reaching a new high, but the Momentum indicator failing to do so can show that there isnt suitable strength to carry on the buying tone that the market finds itself in at the moment. This can often be the first sign that something is wrong, and an imminent change of direction is about to happen.

How to trade with the momentum indicator

How to trade with the momentum indicatorHow to Trade with the Momentum Indicator

Calculation of the Momentum Indicator

Description: There are several variations of the momentum indicator, but whichever version is used, the momentum (M) is a comparison between the current closing price (CP) a closing price "n" periods ago (CPn). The "n" is determined by you. In the attached chart, Momentum is set to "10," so the indicator is comparing the current price to the price 10 minutes ago (because it is a 1-minute chart).

Calculation:

M = CP - CPn

M = (CP / CPn) * 100

The first calculation just takes the difference between the two closing prices and plots it. The second version of the indicator shows the price difference between the current price and the price n periods ago as a percentage.

Momentum Indicator Trading Use

The momentum indicator identifies when the price is moving upwards or downwards, and by how much. When the momentum indicator is above 100, the price is above the price "n" periods ago, and when the momentum indicator is below 100 the price is below the price "n" periods ago.

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How the far the indicator is above or below 100 indicates shows how fast the price moving. A reading of 101 shows the price is moving quicker to the upside than a reading of 100.5. A reading of 98 shows the price is moving with more force to the downside than a reading of 99.

The momentum indicator can be used to provide trade signals, as follows, but it typically is better used to help confirm trades based on price action (breakouts or pullbacks with in a trend, as examples).

100 Line Cross - When the price crosses above or below the 100 line (or zero line if the indicator is based on the first calculation) it can represent a buy or sell signal respectively. If the price crosses above the 100 line it indicates the price is starting to move higher since the price has moved above the price "n" periods ago. A drop below the 100 line shows the price is dropping since it has moved below the price "n" periods ago.

Crossover - Buying and selling when the price crosses the 100 line (or zero line) often provides poor timing signals. Much of a price move will have already happened, or if using the 100 line as an exit signal, too much profit will be given up. One possible solution is to add a moving average to the indicator. Buy when the Momentum indicator crosses above the moving average from below, and sell when the Momentum indicator crosses below the moving average from above. This too has its problems; mainly, many signals will occur but not all be good trading opportunities.

Divergence - If the price is moving lower, but the lows on the momentum indicator are moving higher, this is a "bullish divergence." It shows that while the price is dropping, the momentum behind the selling is slowing. If you get a buy signal, this bullish divergence can help confirm it. If the price is moving higher, but the highs on the momentum indicator are moving lower, this is a "bearish divergence." It shows that while price is rising, the momentum behind the buying is slowing. If you get a sell signal, this bearish divergence can help confirm it (see Dont Trade MACD Divergence Until You Read This for more on divergence).

Final Word on Momentum Indicator

The momentum indicator isnt going to give a trader much information over and above what can be seen just by looking at the price chart itself. If the price is moving aggressively higher, this will be visible on the price chart and on the momentum indicator. The momentum indicator can be useful for spotting subtle shifts in the force of buying or selling though, mainly through the use of divergence. The momentum indicator is best used in conjunction with a price action trading strategy. providing confirmation as opposed to using the indicator to generate trade signals on its own.

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Momentum indicator explained–what is the momentum indicator

Momentum indicator explained–what is the momentum indicatorMomentum Indicator Explained – What is the Momentum Indicator?

Updated: May 16, 2013 at 5:32 AM

The “Momentumindicator is another member of the “Oscillator” family of technical indicators. The creator of the Momentum indicator is unknown, but Martin Pring has written much about the indicator. It attempts to measure the momentum behind price movements for the underlying currency pair over a period of time. Traders use the index to determine overbought and oversold conditions and the strength of prevailing trends.

The Momentum indicator is classified as an “oscillator” since the resulting curve fluctuates between values about a “100” centerline, which may or may not be drawn on the indicator chart. Overbought and oversold conditions are imminent when the curve reaches maximum or minimum values. The addition of a Smoothed Moving Average with the indicator improves interpretation of imminent trend changes.

Momentum Formula

The Momentum indicator is common on Metatrader4 trading software, and the calculation formula sequence involves these straightforward steps:

Choose a predetermined period “X” (Standard value is “14”, although a value of “8” or “9” tends to be more sensitive);

Calculate “Close1” as the closing price for the current bar;

Calculate “CloseX” as the closing price “X” bars ago;

MOMENTUM = 100 X (“Close1”/”CloseX”)

Software programs perform the necessary computational work and produce a Momentum indicator as displayed in the bottom portion of the following chart:

The Momentum indicator is composed of a single fluctuating curve. Traders will occasionally add a Smoothed Moving Average, as above in “Red”, to enhance the value of the trading signals. In the example above, the “Blue” line is the Momentum, while the “Red” line represents a “SMA” for “14” periods. The Momentum is viewed as a “leading” indicator, in that its signals foretell that a change in trend is imminent. The weakness in the indicator is that timing is not necessarily a product of the Momentum, the reason for attaching a “lagging” moving average to confirm the Momentum signal.

The Momentum indicator is regarded as an excellent gauge of market strength. A shorter period setting will create a more sensitive indicator, but will also increase choppiness and the potential for increased false signals.

The next article in this series on the Momentum indicator will discuss how this oscillator is used in forex trading and how to read the various graphical signals that are generated

Next Article >> Momentum Strategy >>

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.

True strength index(tsi)

True strength index(tsi)True Strength Index (TSI)

The True Strength Index ( TSI ) is a momentum-based indicator, developed by William Blau. Designed to determine both TSI, or the True Strength Index is a momentum-based indicator, was designed by William Blau. The TSI is suitable for intraday time frames as well as long term trading and helps to define trend and oversold/overbought conditions.

The True Strength Index is a version of the Relative Strength indicator. It uses a double smoothed EMA of price momentum to diminish constant price changes and pay attention to spot trend shifts with little or zero lag. An increasing True Strength value demonstrates increasing momentum in the direction of the price movement.

Long Term is the First Period and Short Term is the Second Period used in the double exponential smoothing of momentum.

Kurtosis indicator

Kurtosis indicatorLinear Regression Acceleration »

Kurtosis Indicator

This lesson will cover the following

If you have any questions or suggestions you are welcome to join our forum discussion about Kurtosis Indicator .

This indicator is purposed to identify market sentiment. It is calculated in three portions:

The Kurtosis portion is calculated as follows:

K = n-period momentum of the current bar n-period momentum of the prior bar

The Fast Kurtosis portion is calculated as follows:

FK = n-period moving average of K

The Fast/Slow Kurtosis portion is calculated as follows:

FSK = n-period moving average of FK.

If you have any questions or suggestions you are welcome to join our forum discussion about Kurtosis Indicator .

Divergence the trade most profitable

Divergence the trade most profitableDivergence: The Trade Most Profitable

Because trends are composed of a series of price swings, momentum plays a key role is assessing trend strength. As such, it is important to know when a trend is slowing down. Less momentum does not always lead to a reversal. but it does signal that something is changing, and that the trend may consolidate or reverse.

Price momentum refers to the direction and magnitude of price. Comparing price swings helps traders gain insight into price momentum. Here, we'll take a look at how to evaluate price momentum and show you what divergence in momentum can tell you about the direction of a trend.

Defining Price Momentum

Figure 1: Momentum

For example, the length of the upswings in an uptrend can be measured. Longer upswings suggest that the uptrend is showing increased momentum, or getting stronger. Shorter upswings signify weakening momentum and trend strength. Equal length upswings means the momentum remains the same. (For related reading, see Momentum Trading With Discipline and Riding The Momentum Investing Wave .)

Price swings are not always easy to evaluate with the naked eye - price can be choppy. Momentum indicators are commonly used to smooth out the price action and give a clearer picture. They allow the trader to compare the indicator swings to price swings, rather than having to compare price to price.

For each upswing in price, there is a similar upswing in RSI. When price swings down, RSI also swings down. (For related reading, see Getting Confirmation With The Momentum Strategy .)

Trading strategies performance

Trading strategies performancePerformance

The tables below represent the Momentum Trading Room profit goal success rate based on our published Trading Plan and the trading opportunities in our morning Trading Room. Our Trading Plan is to trade 2-hours each morning (8:30am to 10:30am Central time), 2 to 5 trades, 2 to 3 contracts, with a profit goal of $200 to $1000 each day.

Performance Notes:

We usually trade a combination of the ES, TF, NQ and YM Indices in our morning Trading Room. Our goal is to make $200 to $1000, trading no more than 5 times a day, with 2 to 3 contracts a trade. We make a full time income trading just a few hours a day.

We give you our complete trading plan in the Daily Morning Report each morning before the opening bell with entry and exit points and invite you to trade along with us in our Live Trading Room where we discuss and set up trading opportunities.

Everyone trades their own account and because no two traders are alike your results will vary. We do not state or imply that you can duplicate the results of our Trading Room moderators or any published results. However we are very consistent traders.

If youre looking for a Trading Room with an easy to follow Trading Plan and Strategy then give us a try. Our Service includes the Daily Morning Report, our Live Trading Room, Training and Education, and the Experience and Mentoring of our Professional Traders.

To view an independent study of Momentum Trading Systems TradeTheEmini by Dr. Dean Handley please click the following Link: INDEPENDENT STUDY

Strategy Trading: Concepts and Applications Primer, Session 2 – Components, Properties and Performance

Presented by Stanley Dash, CMT, Vice President of Applied Technical Analysis

Trading strategies is a powerful tool in helping traders become more consistent and disciplined in their trading. Whether a trading strategy is simple or complex, it can offer unique insights into how indicators and markets relate and interact.

In this second session of our two-primer series, Stanley Dash, CMT, VP, Applied Technical Analysis, delves further into the nuts and bolts of strategy trading: development, testing and automation. Stan uses TradeStation-supplied components as well as samples from the Strategy Concepts Club for practical lessons on generating, organizing and testing ideas. This includes a discussion of market data and charts, and TradeStation features such as Look-Inside-Bar Back-testing. He also delves into evaluating strategy performance using TradeStations Strategy Performance Report, along with an introduction to optimization. Stan also discusses the ultimate tool for customizing strategies: EasyLanguage.

Using TradeStation-supplied strategy components

Strategy properties: Look-Inside-Bar Back-testing (LIBBT), position limits, and more

Strategy Performance Report: evaluating back-test results

Introducing optimization

The role of EasyLanguage®.

How to use stochastic indicator in forex trading the best binary options trading platform

How to use stochastic indicator in forex trading the best binary options trading platformHow to use stochastic indicator in forex trading The Best Binary Options Trading Platform vbdesigngroup

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How to use stochastic indicator in forex trading The Best Binary Options Trading Platform vbdesigngroup August 3rd, 2015

Trix(indicator)

Trix(indicator)TRIX (Indicator)

Color to use for numbers in RadarScreen cells when gradient coloring is enabled, that is, when both UpColor and DnColor are set to non-negative values.

Market Synopsis

The Triple Exponential Average (TRIX) indicator is an oscillator used to identify oversold and overbought markets and it can also be used as a momentum indicator. As is common with many oscillators, TRIX oscillates around a zero line. When used as an oscillator, a positive value indicates an overbought market while a negative value indicates an oversold market. As a momentum indicator, a positive value suggests momentum is increasing while a negative value suggests momentum is decreasing. Many analysts believe the TRIX crossing above the zero line is a buy signal while closing below the zero line is a sell signal. Also, divergences between price and TRIX can indicate significant turning points in the market.

TRIX calculates a triple exponential moving average of the log of the Price input over the period of time specified by the Length input for the current bar. The current bar’s value is subtracted by the previous bar’s value. This prevents cycles shorter than the period defined by Length input from being considered by the indicator.

Two main advantages of TRIX compared to other trend-following indicators are its excellent filtration of market noise as well as its tendency to be a leading rather than a lagging indicator. It filters out market noise using the triple exponential average calculation thus eliminating minor short-term cycles that may otherwise indicate a change in market direction. Its ability to lead a market stems from its measurement of the difference between each bar’s "smoothed" version of the price information. When interpreted as a leading indicator, TRIX is best used in conjunction with another market timing indicator to minimize the effect of false indications.

Thread momentum tradin using high probability oscillator

Thread momentum tradin using high probability oscillatorThread: momentum tradin using High probability Oscillator

Join Date Oct 2011 Location Lagos Posts 20

momentum tradin using High probability Oscillator

FOREX TRADING MADE EASY

VERY SIMPLE, VERY LOGICAL AND VERY CONSISTENT

I am going to share with you two of the greatest secrets that many successful traders may not want you to know. This is so simple and has been consistent for more than 20 years so you should take it seriously.

2. Let your profit run and cut short your loss

I will use just one indicator for this illustration. An oscillator is best for this purpose. Most oscillators would work but I prefer HPO (Higher Probability Oscillator)-

Momentum trading strategy

Momentum trading strategyMomentum Trading Strategy

Williams %R Indicator

Momentum trading can be done using a number of different momentum indicators, but for the purpose of this article, I'll show you a day trading method I learned long ago using the Williams %R indicator.

This is strictly a method for trading signals and mostly for making quick scalping trades.

The exits are completely discretionary based on the trader's intuition of current market momentum.

WILLIAMS %R INDICATOR

The calculation of the Williams %R is as follows:

%R = [(highest high over X periods - close)/(highest high over X periods - lowest low over X periods)] * -100

This momentum trading indicator was shared with the trading community by Larry Williams in the 1970's. It is an overbought - oversold indicator similar to the stochastic indicator.

This oscillator is was made to give information about the close of price relative to the high/low range over a certain period of time. The scale ranges from 0 to -100, with a range of -80 to -100 indicating oversold and a range of 0 to -20 indicating an overbought condition.

If the closing price of a bar is near the top of the range, the nearer to zero, or higher the %R will be. If the closing price of a bar is near the bottom of the range, the nearer to -100, or lower the %R will be.

This momentum indicator can of course be used on any time frame and charting software generally have it set to a default period of 14 bars.

Just like many other momentum indicators, during an extended trend, the Williams %R will get pinned down and oscillate about it's overbought and oversold areas.

Simply because the indicator is in an oversold area does not mean this is a time to buy. In fact, price may very well prove to you that it was just the opposite. a very good time to short.

If you are new to technical analysis and are just starting to take a look at different indicators, some are going to seem very tempting to use right out of he box for simple overbought/oversold trades. I know many won't take my day trading advice to stay away from that kind of trading, but if you really feel the need to do it, at least learn some really basic testing skills with software like Amibroker or Multicharts first before proceeding. It might just open your eyes to what is possible using oscillators.

Again, if you decide you'd prefer to trade not using indicators and would rather use price only, then head over to my breakout day trading strategies page and check out those methods.

Let's get to the Momentum Trading Strategy.

COMPONENTS

5 min. Chart

10 SMA of Price

Williams %R Indicator (setting = 14)

MOMENTUM TRADING STRATEGY SIGNALS

This is a simple scalping strategy using a 10 sma of price to determine short term trend on the 5 min. chart. The Williams %R indicator is then used to determine quick impulse momentum thrusts in the direction of the short term trend.

This method is designed to be traded for quick scalps and then you're out. Not my cup of tea, but there are lots of players out there that love to ring the cash register often for smaller change.

Buy Trigger: Williams %R turns UP

* A signal is also given when %R is already UP, then 10 SMA turns UP

Exit: Discretionary

Short Setup: 10 SMA is falling

Short Trigger: Williams %R turns DOWN

* A signal is also given when %R is already DOWN, then 10 SMA turns DOWN

Exit: Discretionary

Modified triple momentum strategy-amibroker afl code

Modified triple momentum strategy-amibroker afl codeModified Triple Momentum Strategy Amibroker AFL code

Triple Momentum Strategy is from Gerald Appel, introduced in his 2005 book, Technical Analysis: Power Tools for Active Investors. Its included on pages 58-63 of his book. That section is headed, The Triple Momentum Nasdaq Index Trading Model. Gerald Appel, is also probably best known for his creation Moving Average Convergence Divergence (MACD).

Mr. Appel’s Says, “There is only one buy rule and only one sell rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You sell when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 4%.“

Here is a slightly modified Triple Momentum Strategy which works good with Equities and Commodities for Positional Trading and one can consider this as a low risk strategy.

“There is only one buy rule and only one exit rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You Exit Longs when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 0%.“

Nifty Hourly Charts

Steps to Install the Indicator

2)Unzip the files Triple Momentum Timing Model. afl and Triple Momentum Indicator. afl to //amibroker//formulas//system// folder

3)Apply both the indicators to the New Blank charts

Backtested the strategy on the Nifty Hourly Charts(Spot) since June 2009 with 2lots of Nifty and Rs100 per leg as a brokerage (i. e Rs200 per buy and sell transaction). Here are the results

Recent Momentum Signals from Nifty50 pack

Sunpharma and TCS(Cash market) turned to Buy mode as the Triple momentum indicator crossed above the 4 level. One can hold the stock until the indicator hold above Zero. Cover your longs if the momentum enters the negative zone.

Pravin Mane says

This is very useful site for traders (who uses algo). Thanks for designing such site and disclosing afl codes.

shone says

Rajandran R says

You can try out with hourly charts on commodities.

Nehal Suthar says

Rajandran R says

PANKAJ says

Hiis it imperative to use this strategy on hourly charts only or can be used on 5-min chart

satya says

hello sir iam a new trader, i want to trade with amybroker afl signal..is it correct to follow signal. is it profitable or not..kindly help me if u have good afl

Rajandran R says

One have to choose their AFL based on their risk profile. Go and test the afl statistically and then figure it out. Its a Do it on your own concept.

The-better-trading indicators

The-better-trading indicatorsThe Better Trading Indicators

3 Non-correlated trading indicators that analyse Price, Volume and Average Trade Size.

Together they pinpoint market turning points and changes in trend direction. I use them every day in my Emini day trading. But they work equally well for trading Forex. Commodities and Stocks. Remember, if youre trading with just price-based indicators, youre missing out on 2/3 rds of the available information.

Better Sine Wave

Better Sine Wave analyses Price cycles and trends. This is an improved version of John Ehlers Hilbert Sine Wave. It plots cycle entry points when the market is in a trading range. Then when the market breaks into a trend move, the indicator signals early entry and holds a position right to the end of the trend. I wouldnt trade without it. Works on any chart, any time frame, no inputs to optimize.

I owe a lot to Better Sine Wave its paid for itself 10 times over already. Adam M.

Better Momentum

Better Momentum analyses buying and selling Volume. The classic momentum indicator calculates changes in price. This improved momentum indicator is based on changes in buying and selling volume. Declining buying volume always precedes a market top and vice versa for market bottoms. The Better Momentum indicator pinpoints these turning points and plots bullish/bearish signals.

Strategic goals

Strategic goalsStrategic Goals

Guiding Principles

Guiding Principles provide the context in which our work is accomplished.

Our goals support the CSU Stanislaus strategic plan.

Serving our campus community at large.

Provide services to employees that will enhance their capacity to respond to organizational needs.

Partner with Human Resources and Environmental Health and Safety to produce a workforce capable of achieving organizational goals and requirements.

Strategic Goals

Support the professional development and growth of the university's Professional Colleagues.

Increase organizational efficiency and effectiveness.

Provide resources and services to support growth and enrichment of individuals while optimizing organizational performance.

Partner with local business and industry to provide workforce training and development solutions.

Develop and implement a measurement system to monitor the center's effectiveness.

Core Processes for Training Development

Connecting with our Customers

Provide Learning Opportunities

Improve Organization Effectiveness

Amibroker afl kdj indicator

Amibroker afl kdj indicatorAmibroker AFL KDJ Indicator

Amibroker AFL KDJ Indicator

Amibroker AFL KDJ Indicator Stochastic Oscillator is a momentum indicator that measures relationship of close with high low range over defined number of days. KDJ indicator is an extension of Stochastic oscillator. KDJ has been developed from Stochastic Oscillator and includes one more J line along with the traditional D and K lines. Along with D K, J line assists traders in identifying overbought and oversold markets. KDJ indicator can be used for devising trading strategies. Either a trader can buy when all lines (K, D,J) are below 20 and sell above 80 or a trader can use J line to construct a momentum based technique. Trading strategy using this indicator will be explained later. KDJ is better than stochastic in identifying overbought and oversold levels but it is mainly useful for identifying swing moves and not short term moves.

Amibroker AFL KDJ Indicator Construction of KDJ

Construction of KDJ indicator is fairly simple. To understand the KDJ indicator, it is first necessary to understand the construction of stochastic indicator. Stochastic indicator consists of K and D lines which move between 0 and 100. K line in the stochastic indicator is,

K = ((Current Close Lowest Low) / (Highest high Lowest low))* 100

Lowest low and Highest high in this case is the low and high over the look back period defined by a trader.

D line in the stochastic indicator is simple moving average of the K line. Usually D is 3 day simple moving average of K line but it depends on what trader wants to choose. We have used exponential average.

D = N day simple moving average of K line where N is usually 3 or a value decided by the trader.

Now that construction of Stochastic indicator is over, it is time to introduce the J line. J line in the KDJ indicator is nothing but the divergence of D value from the K value. Formula to calculate the J line is,

J = (3*D) (2*K)

In the J line, weightage of D is more when compared with weightage of K. D line is clearly more important as it is the moving average of the K (fastest) line. In the KDJ indicator, K is the fastest line and J is the slowest line.

In the next post well show how to use this indicator in developing a viable trading strategy.

Amibroker AFL KDJ Indicator