Posted By: KahunaTrading
rMomentum? - 07/17/22 19:00
Trying to understand where this comes from... (C-Lite Newbie)
rMomentum?
From: peak, valley, crossOver, rising, falling, etc.
Modifies
rMomentum - Data movement in percent per time frame; indicates the 'sharpness' of the peak or valley.
Remarks:
For detecting only 'strong peaks' or 'strong valleys', compare rMomentum with a percent threshold.
Is there a discussion regarding rMomentum: where it comes from? how it's calculated? used? etc.
I only find a couple references in the manual, but it was included in the script I am using, and I don't understand what it is doing or where it came from.
Thank you!
Peace
;-)
rMomentum?
From: peak, valley, crossOver, rising, falling, etc.
Modifies
rMomentum - Data movement in percent per time frame; indicates the 'sharpness' of the peak or valley.
Remarks:
For detecting only 'strong peaks' or 'strong valleys', compare rMomentum with a percent threshold.
Is there a discussion regarding rMomentum: where it comes from? how it's calculated? used? etc.
I only find a couple references in the manual, but it was included in the script I am using, and I don't understand what it is doing or where it came from.
Thank you!
Peace
;-)