Category: MESA8
Input parameters
Name
|
Setting
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Default
|
Optimization range
|
Tune
|
Number>0
|
1
|
0.25-2
|
Price
|
Input time series
|
Close
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Description
The Momentum indicator shows the price relative to the price one dominant cycle period ago, and is displayed as a percentage of price. When the dominant cycle is accurately measured the momentum is the same anywhere within the cycle. That is, the momentum is the same whether measured from cycle peak to cycle peak, cycle valley to cycle valley, or anyplace in between. Momentum in excess of one percent usually implies a substantial trend is occurring. The Tune parameter adjusts the dominant cycle period relative to its measured value.
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