Momentum indicator - Page 2

alaomega11 · #11 (**permalink**) 08-31-2008, 05:41 PM

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 ?

Linuxser · #12 (**permalink**) 08-31-2008, 11:57 PM

Quote:

Originally Posted by alaomega11

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

alaomega11 · #13 (**permalink**) 09-01-2008, 04:50 AM

Quote:

Originally Posted by Linuxser

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:

Attachment 67792

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?

Linuxser · #14 (**permalink**) 09-01-2008, 05:23 AM

Quote:

Originally Posted by alaomega11

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.

fxbs · #15 (**permalink**) 09-09-2008, 10:34 PM

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"

vampiricaura · #16 (**permalink**) 09-09-2008, 10:39 PM

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

fxbs · #17 (**permalink**) 09-09-2008, 11:46 PM

you can click there (where it sayes)

vampiricaura · #18 (**permalink**) 09-10-2008, 12:19 AM

Quote:

Originally Posted by fxbs

you can click there (where it sayes)

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

fxbs · #19 (**permalink**) 09-10-2008, 12:28 AM

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)

ardi_nunu · #20 (**permalink**) 12-02-2008, 05:01 AM

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? ???