Exponential momentum of an EMA

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  • #175623 quote
    phoentzsphoentzs
    Participant
    Master

    Hello, the momentum of an SMA is the MOM indicator … so MOM20 is the momentum of an SMA20. Is there also an exponential version of this for the EMA? Or is the RSI20 (50/50) ultimately the momentum of an EMA20?

    #175625 quote
    XORANDNOTXORANDNOT
    Participant
    Senior

    Momentum is just the difference of the closing price or any moving average now and x periods ago. So, for an EMA :
     

    momEMA = exponentialaverage[periods](close) - (exponentialaverage[periods](close))[x]

    The momentum indicator pre-programmed in PRT is not for a SMA ! It is only the difference of the closing price now and the closing price x periods ago ! So, in this case :

    mom = close - close[x]
    #175631 quote
    phoentzsphoentzs
    Participant
    Master

    Oh I see? But when you compare the PRT momentum with an SMA of the same period, it seems to indicate exactly what the SMA is doing.

    #175633 quote
    XORANDNOTXORANDNOT
    Participant
    Senior

    I don’t think so. Just display them all in a chart and compare the values manually.

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Exponential momentum of an EMA


ProBuilder: Indicators & Custom Tools

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phoentzs @phoentzs Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by XORANDNOTXORANDNOT
5 years, 1 month ago.

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Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 08/18/2021
Status: Active
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