NinjaTrader 7 Indicators - Balanced Momentum
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7

Balanced Momentum 5 *
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.

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Category: NinjaTrader 7 Indicators 

December 15th, 2010
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Keywords: momentum movingaverage tma triangular


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