It does compile. I thought I tried using "Volume" before but it wouldn't compile. By volume, I think it means just volume for the current bar, and not the sum of the volumes over the momentum's range. That's easy to fix by taking the simple moving average and multiplying by the range.
Momentum has me confused. I think OEC's momentum is momentum (close minus close 12 bars ago) divided by 100, then 100 is added to it? This doesn't matter since I will be taking the ratio of momentum/volume for a short range, and dividing it by the ration of momentum/volume for a longer range. The theory is that momentum dived by volume shows the strength of a move. Ya, I know the other theories are the product of rnage and volume shows the strength.
the indicator is useless on a 4 tick range chart. I'm hooked on the 8 ticks stop loss on entry, move to break even after a 4 tick profit is shown. Then the exit stop follows current price, but hangs back 4 ticks. And take a profit at 8 ticks
The Jim Cox White Bar indicator gives good results on the 8 4 1 8 trade method describe above. The white bar strategy gives a signal when price backs off from a recent Bollinger high low value, and intersects the 21 sma. But it doesn't always give the signal.