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Momentum Trend Indicator by Michael Arnoldi
To: metastock-list@xxxxxxxxx
Subject: momentum trend indicator
From: michael.arnoldi@xxxxxxxx
Date: Sun, 4 Jan 1998 07:21:08 -0500
Resent-Date: Sun, 4 Jan 1998 05:31:08 -0700
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I developed an interesting formula (for what it's worth) and call it momentum trend indicator.

It returns +1 if true (up trend) & -1 if not true (down trend)it lags the price by 6 days, so its for long term trends.

Momentum Trend Indicator

If(Mov(C-Ref(C,-5),10,E)>(Mov((Ref(C,-1)-Ref(C,6)),10,E)),1,-1)

 

note: for shot term signals replace Ref(C,6) with Ref(C,- 6)

maybe someone can use it (for mutual funds)

**** always trying & thinking ****

mike :>))


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