Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:39 PM


 Public Function MomentumOscillator(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE ,period As Integer)As String


The momentum indicator calculates the change of over a specified length of time as a ratio.

Increasingly high values of the momentum oscillator may indicate that prices are trending strongly upwards.

The momentum oscillator is closely related to MACD and Price Rate of Change (ROC).


Key Description 
chart_ID Chart identifier, 0 is the current chart, a value of type Long.
applyTo Applied Price, a  value of type  ENUM_APPLIED_PRICE.
period The calculation period, on which the indicator will be calculated, a value of type Integer

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.


Public Sub main()

AlertMessage (MomentumOscillator(0,PRICE_CLOSE,10)) 'Draws indicator on the chart and shows an Alert Message with indicator name.

End Sub

See Also

Back to VTL Client Script Index

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