Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 8/12/2005(UTC)
Posts: 73
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Just cleaning up my indicators and came across an interesting indicator I was going to analyze awhile back. Can anyone make sense of what it is doing?
Code:{Composite Momentum}{Key}MOM:=Mov((Mov(C,3,S)-Mov(C,9,S)),1,E) / Mov(C,3,S) *100;
Key:=Mov(((Ref(Sum(If(MOM>Ref(MOM,-1),MOM-Ref(MOM,-1),0),5),-1)- (Ref(Sum(If(MOM>Ref(MOM,-1),MOM-Ref(MOM,-1),0),5),-1)/5)+ If(MOM>Ref(MOM,-1),MOM-Ref(MOM,-1),0)) / (Ref(Sum(Abs(MOM-Ref(MOM,-1)),5),-1) - (Ref(Sum(Abs(MOM-Ref(MOM,-1)),5),-1)/5) + Abs(MOM-Ref(MOM,-1)))*100) -Abs(((Ref(Sum(If(MOM<Ref(MOM,-1),MOM-Ref(MOM,-1),0),5),-1) - (Ref(Sum(If(MOM<Ref(MOM,-1),MOM-Ref(MOM,-1),0),5),-1)/5)+ If(MOM<Ref(MOM,-1),MOM-Ref(MOM,-1),0)) / (Ref(Sum(Abs(MOM-Ref(MOM,-1)),5),-1) - (Ref(Sum(Abs(MOM-Ref(MOM,-1)),5),-1)/5) + Abs(MOM-Ref(MOM,-1)))*100)), 3, E);
XTL:=(Mov( Stoch(5,3),3,S))*2-100;
Mov(((Key) + (XTL))/2,2,W);
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