Analysis Techniques & Strategies

$image\insert_paintbar.gif$ Momentum Decreasing (PaintBar)

$image\momentum_decreasing_pb.gif$

Input Information

Name	Expression	Default	Description
Price	Numeric	Close	Price value used to calculate momentum.
MomLength	Numeric	14	Number of bars used to calculate momentum.
MomAvgLength	Numeric	14	Number of bars used to average the momentum.

Momentum Decreasing paints any bar whose momentum is decreasing. Momentum Decreasing might indicate the slowing down of a trend.