i was wondering
about some indicators
like macd,stoch,rsi,cci,etc
what is the point using these on the same chart
all the above show the same thing ,momentum
would be better to use indicators which show diferent things ?

can anyone suggests indicators which show diferent values than momentum ?

It shows momentum calculated on different ways, that's make the difference. Also, bounded/unbounded is another (not tiny) difference.
However correlation between indicators is high as Chande & Kroll demonstrated:

CK.JPG

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thanks Linuxser
from the table you posted
it seems that these indicators are corellated and they will show the same signal if you have all of them on your chart
some faster some slower but they will show you the same thing in a diferent way ,

which are the indicators which dont show momentum bu something else
or all the indicators show momentum in different ways?

Trendlines, Fibonacci, Speed Lines, Pivots, SR levels, etc are indicators too.

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Remember: Signatures must have three lines as maximum

Momentum-ROCS!
ROC'n Roll - ROC as you wish(choose your poison):


switch(ROC Type)
case 1 : Type1="MOM"; break;
case 2 : Type1="ROC"; break;
case 3 : Type1="ROCP"; break;
case 4 : Type1="ROCR"; break;
case 5 : Type1="ROCR100"; break;

case 1 : Buffer1[i]= (price - prevPrice); break; // "MOM"
case 2 : Buffer1[i]= ((price/prevPrice)-1)*100; break; // "ROC"
case 3 : Buffer1[i]= (price-prevPrice)/prevPrice; break; // "ROCP"
case 4 : Buffer1[i]= (price/prevPrice); break; // "ROCR"
case 5 : Buffer1[i]= (price/prevPrice)*100; break; // "ROCR100"

Attached Files

ROC2_VG.mq4 (4.1 KB, 49 views)

it is irrevelant but i have heard many times recentley.What is elite section about this forum?Can someone clarify?

you can click there (where it sayes)

Attached Images

elite sect.JPG (99.8 KB, 213 views)

thanks a lot ,it is strange how i have not seen that so far.

yepp
or just google "elite section" on tsd
Where is the elite section?
p.s. should be somewhere but Linuxer or ND might have deleted it (by mistake)

I have some question please ....

I'am new in mql4 programming......

can anyone tell me how to calculate in mql4 what's the value of momentum in specific bars? ???