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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