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Messuring the differnce in momentum between an indicator and price
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Messuring the differnce in momentum between an indicator and price

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Messuring the differnce in momentum between an indicator and price

Does somebody know some kind of an indicator that messured the differenz of the momentum of an indicator and the momentum of the price movemend.

For example: If you have an RSI that is slowly rising but the price is rising fast or the indicator is flat and the price is rising or falling.

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So you are basically looking for an indicator plotting the difference of slope of two input indicators?

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close but


not of 2 indicators i am looking for the differens of momentum between one indicator and the momentum of price.

Like is the way of movement in price is big and the way of movement in the indicator is small compare to the normal movement.

i hope it is clear

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I don't know such an indicator, but coding it wouldn't be too difficult.
I still think that a fast moving average would be much better as input than price itself, you would need to iron out the zig zag a bit...

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as i told you i like to do this with the smi_2 indicator here at futures.io (formerly BMT). Bu t i am not able to code so if you like give me a hand please.

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I played around with it, but it doesn't make much sense to me....(it's the thick red line).


vvhg

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try it on a 55tick 3 wicked linebrake chart

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on CL?

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Does somebody know some kind of an indicator that messured the differenz of the momentum of an indicator and the momentum of the price movemend.

For example: If you have an RSI that is slowly rising but the price is rising fast or the indicator is flat and the price is rising or falling.

You cannot directly compare momentum to the relative change of an indicator value. What can be done is to compare the sign of momentum to the relative change of the indicator value. This concept is well know in technical analysis and called a divergence.

Example: If momentum is up (as detected by a higher high of price) but the RSI decreases (as detected by a lower high), this would be a divergence.

You can use indicators to detect divergences, but you can also detect them by looking at price itself. Typically such a divergence comes as a wedge or a 3-push pattern.

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Fat Tails View Post
You cannot directly compare momentum to the relative change of an indicator value. What can be done is to compare the sign of momentum to the relative change of the indicator value. This concept is well know in technical analysis and called a divergence.

Example: If momentum is up (as detected by a higher high of price) but the RSI decreases (as detected by a lower high), this would be a divergence.

You can use indicators to detect divergences, but you can also detect them by looking at price itself. Typically such a divergence comes as a wedge or a 3-push pattern.

I think you are right. The problem here is that the indicator is an oscillator and price is not...


vvhg

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