Analysis Techniques & Strategies
|Price||Numeric||Close||Price used to calculate the momentum.|
|Length||Numeric||12||Number of bars used in the calculation.|
Long entry based on a rising momentum calculation.
The Momentum Indicator measures the change (net change) in the specified Price (Input) for a symbol during the last Length (Input) number of bars. As the price increases, the momentum will increase.
A long entry order is generated when the momentum is above zero and increasing (greater than the previous bar), and the strategy is not in a long position already. The order is generated at the current high plus one point.
Order Name: MomLE
Related Strategy: Momentum SE
Related Function(s): Momentum