Innovative Indicator’s Momentum is a specially designed version of the momentum oscillator. Like the standard momentum indicator, it measures the rate of change of price over a certain time period.
The standard momentum indicator can be very jerky in its behaviour. Innovative Indicators have modified the standard momentum formula to make it smoother by combining it with a component of the MACD and smoothing it further with an exponential moving average. It is also displayed as a histogram. The result is a more flowing and easier to read indicator. The indicator can be used in chart analysis in the same way as the standard momentum indicator.
The histogram bars can be coloured to more clearly identify changes in momentum. Green is for momentum above the zero line and red for below. Light green and red means increasing momentum and dark for decreasing.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
Forex Capital Markets, LLC. (“FXCM LLC”) is an independent legal entity and is not affiliated with Bernhard Liedtke or Innovative Indicators. Innovative Indicators is not owned, controlled, or operated by FXCM LLC and Bernhard Liedtke is not an employee, agent or partner of FXCM LLC.
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