A trend oscillator. It is calculated by the following formula:
SMA(3) of EMA (66) of ( Momentum[period] – Momentum[period-1] )
It has four configurable parameters:
- Period of momentum – momentum calculation period;
- Primary smoothing period – EMA smoothing period (66);
- Secondary smoothing period – SMA smoothing period (3);
- Applied price – price used for calculating the momentum.
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