Analysis Techniques & Strategies

Momentum LE (Strategy)

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Input Information

Name Type Default Description
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