Syntax
Public Function MomentumOscillator(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE ,period As Integer)As StringDescription
The momentum indicator calculates the change of over a specified length of time as a ratio.
Increasingly high values of the momentum oscillator may indicate that prices are trending strongly upwards.
The momentum oscillator is closely related to MACD and Price Rate of Change (ROC).
Parameters
| Key | Description |
| chart_ID | Chart identifier, 0 is the current chart, a value of type Long. |
| applyTo | Applied Price, avalue of type ENUM_APPLIED_PRICE. |
| period | The calculation period, on which the indicator will be calculated, avalue of type Integer |
Return value
Returns the handles of a technical indicator, in case of failure returns an empty string.
Sample
Public Sub main()AlertMessage (MomentumOscillator(0,PRICE_CLOSE,10)) 'Draws indicator on the chart and shows an Alert Message with indicator name.End SubSee Also