Traditional MACD with Momentum indicador
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Traditional MACD indicator with a Momentum indicator is a VertexFX client side VTL indicator based on Traditional MACD indicator and Momentum indicator.
The Momentum line is calculated by comparing two MACD values with 10 bars in between. Then Momentum is passed into a Moving Average to make it smoother. Since MACD 0-crossovers and Momentum reversals can be important signals for traders. The idea of momentum indicator is the idea of MACD Histogram/Momentum. The MACD, is an excellent indicator, but its signals often lag when run on weekly data.
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Traditional MACD indicator with a Momentum indicator is a VertexFX client side VTL indicator based on Traditional MACD indicator and Momentum indicator.
The Momentum line is calculated by comparing two MACD values with 10 bars in between. Then Momentum is passed into a Moving Average to make it smoother. Since MACD 0-crossovers and Momentum reversals can be important signals for traders. The idea of momentum indicator is the idea of MACD Histogram/Momentum. The MACD, is an excellent indicator, but its signals often lag when run on weekly data.
The indicator has several input parameters that can be changed.
The input parameters of MACD are:
PeriodFastEMA (default = 12)— Period used to calculate fast moving average.
PeriodSlowEMA (default = 26)— Period used to calculate slow moving average.
PeriodSignal (default = 9)— Period analyzed to calculate the signal line.
The input parameters of Momentum are:
PeriodMomentum (default = 3)— Period analyzed to compute the moving average of the Momentum (Momentum smoothing).
DeltaMomentum (default = 10)— Distance between the two points analyzed to calculate the Momentum.
Note: this indicator doesnot give Buy or Sell signals.
Additional information
| Plugin-Type | Client VTL – Custom Indicator |
|---|---|
| Compatibility |