Analysis Techniques & Strategies
|Price||Numeric||Close||Price used to calculate the momentum.|
|Length||Numeric||12||Number of bars used in the calculation.|
Short entry based on a falling 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 decreases, the momentum will increase.
A short entry order is generated when the momentum is below zero and decreasing (less than the previous bar), and the strategy is not in a short position already. The order is generated at the current low minus one point
Order Name: MomSE
Related Strategy: Momentum LE
Related Function(s): Momentum