It is calculated as follows:
MA(today) - MA(yesterday)
The calculation is based on a moving average with a preset period, method and calculation price.
The indicator has four main input parameters:
- Period of MA – MA period for calculation;
- Calculation method – MA calculation method;
- Applied price – MA calculation price;
- Vertical shift – vertical shift of each symbol’s momentum lines relative to each other.
Extra:
- Eight parameters to specify symbol names;
- Eight parameters to set the colors of momentum lines.
Fig.1 Period M1, shift 2
Fig.2 Period M1, shift 20
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