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Momentum Oscillator

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MomentumOscillator(Vector, Periods)
MO(Vector, Periods)

Overview
The momentum oscillator calculates the change of price over a specified length of time as a ratio.

Interpretation
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).

Recommended Parameters
Vector: CLOSE
Periods: 14

Example
set BUY = MO(CLOSE, 14) > 90
Evaluates to buy when the momentum oscillator of the close is over 90

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