Category: MESA8
Input parameters
Name
|
Setting
|
Default
|
Optimization range
|
Scale
|
Number>0
|
.95
|
0.8-0.99
|
Tune
|
Number>0
|
1
|
0.25-2
|
Price
|
Input time series
|
Close
|
|
Lag
|
Integer>0
|
3
|
1-20
|
Description
The Momentum Trigger indicator is intended as a line-crossing event with the Momentum indicator to show trade entry points. A buy indication occurs when the Momentum indicator crosses over the Momentum Trigger indicator. A sell indication occurs when the Momentum indicator crosses under the Momentum Trigger indicator. The Scale parameter adjusts its amplitude relative to the Momentum indicator amplitude and the Lag parameter adjusts its delay. These adjustments are made to reduce whipsaw trade indications. The Tune parameter adjusts the dominant cycle period relative to its measured value. The Delta parameter is the bandwidth of a bandpass filter in terms of +/- percent of the center period. A smaller number gives a narrower bandwidth to eliminate extraneous cycle components and a larger number give a wider bandwidth to improve responsiveness to transients.
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