MetaStock Directional Movement Function and How It Works With the Momentum Indicator

by David Jenyns on May 21, 2007

MetaStock Directional Movement Function and How It Works With the Momentum Indicator
The momentum indicator is a leading indicator that measures a securities rate-of-change. In other words, it simply measures the amount a security price has moved over a specific time period. This value is normally expressed as a percentage. The ongoing plot forms an oscillator that moves above and below 100.

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