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Balanced Momentum

Exported using NT Version 7.0.1000.1

This is an improved version of the momentum indicator.

The n-period momentum is the difference between the close of the last bar and the close n bars ago. When a large bar n periods ago drops out of the momentum calculation, this can create a significant distortion, as it will show as a change in momentum, even if there was no or little price change for the last bar.

To eliminate this problem, the input value n bars ago was replaced with the triangular moving average SMA(SMA(Input, n+1), n+1)[0]. This modification does not change the usability of the momentum indicator, but simply eliminates the distortion.

Category NinjaTrader 7 Indicators

Details: Balanced Momentum
Category: NinjaTrader 7 Indicators

December 15th, 2010
Size: 3.54 KB
Downloaded: 1329 times

Keywords: momentum movingaverage tma triangular

Comments/ratings

Private Banker December 17th, 2010 11:07 AM

No Comment

GoldStandard January 5th, 2011 07:30 PM

Great idea. Thanks.

Buscador July 3rd, 2011 07:53 PM

Another great idea!

Maxie December 27th, 2013 04:42 AM

in welchem TF benutzt Du den Indi am Meisten? I can see the "alpha Auction bars"in the screen, sind die auch von Dir? W�rde ich gern ausproboieren, kannst Du mir sagen, wo ich die finde?

pepbosch July 21st, 2015 03:50 PM

great idea from a great brain! Thanks

anup September 9th, 2015 04:48 PM

Thx fat Tail. That is a great Indicator. Very thoughtful of you. Thx again.

hobbys11 October 25th, 2016 04:16 PM

thx very much.

romus April 12th, 2017 11:35 PM

Thank you