Anchored Momentum

[Apprentice]

The formula for the calculation of the oscillator.
If you choose, you can replace the first moving average with closing price.
Anchored Momentum [period] = 100*((MA_One /MA_Two)-1);

AM.lua

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The indicator was revised and updated

[jeisenm]

how do you use this indicator? i see lots of red bars where the price is rising. does this indicate strength of trend only without regard to trend?

[cyanidez]

Hi Apprentice,

Very interesting indicator, thanks for the work!

Do you have any recommendations how to effectively use this? I can see that something like "if the bars are green and changes to red, sell" may work sometimes, but I assume it's definitely not as clear-cut as that.

Any thoughts?

Thanks

[Apprentice]

In this case, I'm primarily a programmer.

From my observation, it behaves like this.
A positive value suggests the existence of up trend.
A negative value suggests the existence of a down trend.
Zero Line Crossover generates signals.

Change in the color suggests a weakening trend, Possible change in trend.

[Alexander.Gettinger]

MQL4 version of Anchored Momentum oscillator: viewtopic.php?f=38&t=61551.

[Apprentice]

The indicator was revised and updated.