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Apply a Momentum Indicator

The Momentum is the difference between the current point (price or something else) and the point N periods ago. Momentum is calculated as a ratio of today’s price to the price several (N) periods ago.

Momentum = CLOSE(i)/CLOSE(i-N)

Where:

CLOSE(i) — is the closing price of the current bar.

CLOSE(i-N) — is the closing bar price N periods ago

To apply a Momentum Indicator

1. From within a chart, from the Edit menu select Studies.
2. Choose Momentum and Add the study.
3. Complete parameters as necessary.

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