File Includes: Indicator - MTD (Momentum of TickDifference)
Category: Indicator > Miscellaneous
This indicator plots the Momentum of Tick Difference. Tick Difference is calculated as the difference between the UpTicks and DnTicks for 3 bars, after which it is smoothed by a 6-period WMA.
Note. To use the indicator you will need data containing information on the DnTick и UpTick.
VALUE2 = WAVERAGE(VALUE1,6);
VALUE3 = MOMENTUM(VALUE2,6);