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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » momentum indicator

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Tristram
Posted : Sunday, July 3, 2005 7:47:15 AM
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Joined: 10/7/2004
Posts: 24
 I recently read an article about a momentum indicator that will help you see the strength of a trend. According to the article the formula for this is: M = V - Vx Where M = Momentum, V = the close today and Vx = the close x number of days ago. I wrote a PCF according to their formula and it didn't give me anything (c - C.10). I tben wrote a different PCF avgc - avgc.10 and it seems to work. Is this the correct formula for Momentum or do you know of a better one.
Thank You
Tristram
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Bruce_L
Posted : Sunday, July 3, 2005 8:12:03 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 I think the problem may have just been the syntax of the first formula. Try the following instead:

C-C10

A Rate of Change is pretty much the same indicator designed to have the same scale across different stocks:

100*(C-C10)/C10

There are other indicators designed to measure Momentum. Stochastics and Wilder's RSI are two examples.
-Bruce
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