Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 15 June 2016 01:44 PM


Public Function MomentumOscillator(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE ,period As Integer)As String

The momentum indicator calculates change of over a specified length of time as a ratio.

Increasingly high values of the momentum oscillator may indicate that prices are trending strongly upwards.

The momentum oscillator is closely related to MACD and Price Rate of Change (ROC).


Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long.
applyTo Applied Price , value of type  ENUM_APPLIED_PRICE.
period The calculation period, on which the indicator will be calculated, value of type Integer

Return value

Returns the handles of a technical indicator, in case of failure returns a empty string.


Public Sub main()

AlertMessage (MomentumOscillator(0,PRICE_CLOSE,10)) 'Draws indicator on chart and shows an Alert Message with indicator name.

End Sub

See Also

Back to VTL Client Script Index

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