Analysis Techniques & Strategies

image\insert_paintbar.gif Momentum Decreasing (PaintBar)

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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.

Description

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

Related Functions

Momentum

Average