Momentum
Momentum: the source minus its value N bars ago, a direct measure of the speed of price change.
How to read it
- Above zero: price is higher than N bars ago; below zero: lower.
- A rising line means the move is accelerating; flattening means it is slowing.
- Divergences with price warn of a weakening trend.
Key settings
- Length 10, source close.
Good to know
- Drawn in its own pane below the chart.