Momentum Indicator

Momentum Indicator

The Momentum indicator is a technical analysis indicator that measures the speed or pace of an asset's price movements. The main objective is to assess how fast a price is changing from a previous period, providing information about the strength of a trend and signaling potential reversals. Momentum is particularly useful for identifying the acceleration or deceleration phases of a trend.


Using Settings

Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.

Parameters


The Parameters section is divided into two sub-sections:

General

Where you can change:

  • Input Data: The price data to use for calculation (Close, Open, High, Low and Volume)
  • Length: The number of periods for momentum calculation (default: 14 periods)

Average

Where you can:

  • Enable: Toggle the average line on or off
  • Average Type: Choose the type of averaging (Simple, Exponential, Triangular and Weighted)
  • Periods: Set the number of periods for the average calculation (default: 20 periods)

Subgraphs


In the Subgraph section you can change colors and style of the indicator and its reference average:

  • Momentum Color: Set the color of the momentum line
  • Average Color: Set the color of the average line
  • Secondary Color: Set an optional secondary color
  • Subgraph Style: Choose the display style
  • Line Style: Define the line style 
  • Line Width: Define the width of the lines
  • Use Secondary Axis: Option to display on a secondary axis

    • Related Articles

    • MACD Indicator

      The MACD (Moving Average Convergence Divergence) is a technical analysis indicator used to identify changes in the momentum and trend direction of an asset. It was developed by Gerald Appel in the 1970s and is one of the most popular tools for ...

    • Ichimoku Indicator

      The Ichimoku indicator, also known as "Ichimoku Kinko Hyo," is a technical analysis tool developed by Japanese journalist Goichi Hosoda in the 1930s. It is a comprehensive technical analysis tool that allows you to identify support and resistance, ...

    • Absolute Levels indicator

      The Absolute Levels indicator is a tool used in technical analysis for trading, with the purpose of identifying key support and resistance levels in an asset's price chart. The indicator is often configured to draw horizontal lines at these crucial ...

    • Bar POC Indicator

      Bar POC Indicator General Days to Load Defines the number of historical days loaded for the indicator. Input Data Read the different Input Data types here ( Input Data for Indicators ) Min/Max Filter By customizing these fields you can filter orders ...

    • Know Sure Thing

      Know Sure Thing (KST) The Know Sure Thing (KST) is a momentum oscillator based on multiple smoothed Rate of Change (ROC) calculations. It combines short-, medium-, and long-term momentum into one indicator and includes a signal line for crossover ...