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Anchored Momentum
MetaStock Custom Indicator
The four indicators in Rudy Stefenel’s article "Anchored
Momentum" can be easily created in MetaStock. First, choose
Indicator Builder from the Tools menu. If you have MetaStock 6.52 or
higher enter the following formulas:
| General Anchored
Momentum w/ Exponential Smoothing |
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MomPer :=
Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving Average
Periods",1,1000,7);
100 * ((Mov(CLOSE, EMAPer, E) / Ref(Mov(CLOSE, SmaPer, S),
((SmaPer - 1)/2)
- MomPer)) - 1) |
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| General Anchored
Momentum |
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MomPer := Input("Momentum
Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
100 * ((CLOSE / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2)
- MomPer)) - 1) |
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| Most Anchored Momentum
w/ Exponential Smoothing |
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MomPer := Input("Momentum
Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving Average
Periods",1,1000,7);
100 * ((Mov(CLOSE, EmaPer, E) / Mov(CLOSE, (2 * MomPer) + 1,
S) ) - 1) |
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| Most Anchored Momentum |
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MomPer := Input("Momentum
Periods",1,1000,10);
SmaPer := Input("Moving Average Periods",1,1000,7);
100 * ((CLOSE / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1) |
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Drag any of the above indicators from the Indicator QuickList
to the desired chart. MetaStock will prompt you to enter values
for the specified parameters. If you have an earlier version of
MetaStock, you will need to enter values in the following formulas
instead of using the MomPer, SmaPer, and EmaPer variables.
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