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Help creating a momentum index

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gsn

Posted : Sunday, January 30, 2011 10:10:56 AM

Registered User
Joined: 11/13/2004
Posts: 121

This is based on Larry Williams' Momentum Index, which is the 10-day net difference between advancing and declining stocks. I was wondering if someone could help me create such an index with the number of days and the index component stocks both configurable by the user. Any help greatly appreciated.

Bruce_L

Posted : Tuesday, February 1, 2011 11:54:49 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I could be misunderstanding your request, but if you want to subtract all of the symbols in a WatchList which have had a 1-Day negative Net Change from all of the symbols inn the same WatchList which have had a 1-Day positive Net Change over a total Period of 10-Days, you could just add a 10-Period Rate of Change (Net) of Indicator to the Advance Decline Line Indicator that is already in the Web Library.

-Bruce
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gsn

Posted : Tuesday, February 1, 2011 12:11:48 PM

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Joined: 11/13/2004
Posts: 121

Thanks, Bruce, will try that.

Bruce_L

Posted : Tuesday, February 1, 2011 12:13:22 PM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.

-Bruce
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