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To: metastock-list@xxxxxxxxx Subject: momentum trend indicator From: michael.arnoldi@xxxxxxxx Date: Sun, 4 Jan 1998 07:21:08 -0500 Resent-Date: Sun, 4 Jan 1998 05:31:08 -0700 Resent-From: metastock-list@xxxxxxxxxxxxx Resent-Message-ID: <"agcNx2.0.GO5.B4uhq"@mail.equis.com> Resent-Sender: metastock-list-request@xxxxxxxxxxxxx I developed an interesting formula (for what it's worth) and call it momentum trend indicator. It returns +1 if true (up trend) & -1 if not true (down trend)it lags the price by 6 days, so its for long term trends. |
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Momentum Trend Indicator If(Mov(C-Ref(C,-5),10,E)>(Mov((Ref(C,-1)-Ref(C,6)),10,E)),1,-1) |
note: for shot term signals replace Ref(C,6) with Ref(C,- 6) maybe someone can use it (for mutual funds) **** always trying & thinking **** mike :>)) [4142] | |
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