1st Futures Broker

Momentum

The Momentum study is an overbought/oversold oscillator. It is calculated by subtracting the value returned by the parameter PRICE for the current bar from the value returned by the parameter PRICE for the bar that occurred LENGTH bars ago.

If the value for the current bar exceeds that of the bar in the past, the value of the function is positive. If the value for the current bar is less than that of the bar in the past, the value of the function is negative. Therefore, the values returned by the
MOMENTUM function oscillates above and below zero.

If the market has decreased by more than x points, the market is considered to be oversold. If the market has increased by more than x points, the market is considered to be overbought.

Technical Analysis Studies Available

Bollinger Bands	Moving Average Lines
Commodity Channel Index (CCI)	Moving Standard Deviation Oscillator
Directional Movement Index (DMI)	Wilder's Parabolic
Displaced Moving Average	Larry Williams' Percent R
Envelope	Rate of Change
Exponential Moving Average	Relative Strength Index (RSI)
Highest High / Highest Low	Slow Stochastic
High / Low Moving Average	Stochastics
Historic Volatility	Volume and Open Interest
Least Square Linear Regression	Variable Moving Average
Line Oscillator	Weighted Close
MACD	Williams' Accumulation / Distribution Index
Momentum

You can adjust parameters of each indicator to suit you.

THERE IS ALWAYS RISK OF LOSS TRADING FUTURES. THEREFORE, ONLY RISK CAPITAL YOU CAN AFFORD
TO LOSE ON THESE TYPES OF INVESTMENTS.
1st-Futures-Broker.com is registered with the NFA and CFTC

1st FOREX Broker, Herndon, VA, USA
Phone: 703-476-4406
Fax: 312-577-0959
Email: Sales@1st-Futures-Broker.com