daytraderph

Momentum Divergence Indicator

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momentum has been considered as change in price or in terms of physics velocity of price change. as per documentation formula to calculate is below


Momentum=V−Vx
where:
V=Latest price
Vx=Closing price
x=Number of days ago

change in momentum can be one identification on break out and break down on a range bound market. an additional confirmation on which direction underlying asset might move next to range bound,


Release Notes: DEPRACATED
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