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Dynamic Momentum Index

Trading Indicator: Dynamic Momentum Index
Created by: Brian Brown on March 3, 2010.
The coding of this Technical Analysis function needed 28 lines of code.
The indicator is called 'DynamicMomentum' and it is implemented using CSharp programming language.
It has 3 variables. The different arguments are:
period (Type: Number - Default Value: 13): Fixed DMI period, which is used to calculate the dynamic DMI period.
StdDevperiod (Type: Number - Default Value: 8): Period used to calculate the standard deviation
MAperiod (Type: Number - Default Value: 5): Period used to calculate the simple moving average of the standard deviation

p = DynamicMomentum(13, 8, 5);

Formula to draw the trading indicator on a chart:
Plot(DynamicMomentum(13, 8, 5), "Dynamic Momentum Index", colorRed);

Future and Past Bars:
The function does not use future bars. It requires zero past bars.

Click on this link to download Dynamic Momentum Index

Search terms used to find this trading item include Dynamic Momentum Index, dynamic momentum, dynamic momentum index indicator, momentum index canada, dynamic momentum indicator

The trading object is saved under the following categories: Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.