The momentum indicator

MadRoofer · February 2018

Hello everyone, does anyone know if there is anything simular to the momentum indicator with stockcharts. I trade a system using momentum with tradestation, but I want to kick them to the curb soon, any help would be greatly appreciated thank you

markd · February 2018

Probably ROC( ) - rate of change.

https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:rate_of_change_roc_and_momentum

But there are others that refine the calculation.

https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi

https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:know_sure_thing_kst

https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_convergence_divergence_macd

etc.

See the others here:

https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators

You already know this, but for others, - the basic idea is, when price keeps moving up, or down, but the indicator doesn't follow, a change in price to either a reversal or a range is due. But, it can take time for those changes to kick in. I guess the idea is, don't make new commitments in the current direction, or, if you are already in, you don't want to overstay your welcome, so maybe look for good chances to get out.

MadRoofer · February 2018

Thanks a lot markd. With the right settings ROC is perfect. You are a godsend.
Thank you

The momentum indicator

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