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Alwin,
The momentum of a security is the ratio of today's price compared to
the price x-time periods ago. The formula equivalent of the
calculation is shown below:
Where:
ref(Close,-10) = The closing price 10 periods ago
The interpretation of the Momentum indicator is identical to the
interpretation of the Price R.O.C (see Price Rate-Of-Change). Both
indicators display the rate-of-change of a security's price. The
Price R.O.C. indicator displays the rate-of-change as a percentage.
The Momentum indicator displays the rate-of-change as a ratio.
The Momentum formula is (close / ref( close, -12 )) * 100
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, santosh shanbhag
<santubaba@xxx> wrote:
>
> Hai Suji,
>
> Can you please add another condition with the below formula
you have provided,i want also MOMENTUM of day3 > day2 & day 2 > day
1
>
> Alwin Chuah <ctk188@xxx> wrote:
> Hi sugiharto
> Thanks fo your help
>
>
> Sugiharto Setyabudi <sugiharto.wu@xxx> wrote:
> Try:
> V > Ref(V, -1) AND Ref(V, -1) > Ref(V, -2) AND
> C > Ref(C, -1) AND Ref(C, -1) > Ref(C, -2)
>
> On 7/16/07, Alwin Chuah <ctk188@xxx> wrote:
> > Hi
> > I need assistance in creating this formula to be put in the
explorer
> >
> > 3days volume is increasing larger than previous day
> > Day 3 is higher than day2
> > Day 2 is higher than day1
> >
> > 3 days closing price is higher than previous day
> > Day 3 is higher than day 2
> > Day 2 is higher than day 1
> >
> > Selection is both conditions are true
> > Alwin
> >
> >
> >
> > ---------------------------------
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