Forex Software — Symmetry issue: opposite of Momentum crossing down is not crossing up

Re: Symmetry issue: opposite of Momentum crossing down is not crossing up

2019-01-03T19:57:03Z

Looking at it closely, you are right, my fault, you can close this one at least :-)

Re: Symmetry issue: opposite of Momentum crossing down is not crossing up

2019-01-03T19:06:35Z

I may not agree with you.

The momentum formula is:

 Momentum[bar] = 100 * Close[bar] / Close[bar - period];

It clearly means that the momentum is greater than 100 for rising market and lower than 100 for falling market.

Symmetry issue: opposite of Momentum crossing down is not crossing up

2019-01-03T09:31:41Z

Hi Popov,

here is another little symmetry issue. Momentum shows no market direction just like ATR, StdDev, ADX, etc. yet EA Studio creates entry rules that go:

long: Momentum is crossing the level line upwards
short: Momentum is crossing the level line downwards

Just like for ATR, StdDev, ADX where you´ve got it right already (there the opposite rules are the same for long/short as they only can complement another indicator, but on their own do not show any market direction), this needs to be corrected, so that the rules EA Studio creates are:

long: Momentum is crossing the level line upwards
short: Momentum is crossing the level line upwards

long: Momentum is crossing the level line downwards
short: Momentum is crossing the level line downwards

Thank you :-)