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https://github.com/mihakralj/QuanTAlib.git
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29 lines
823 B
Plaintext
29 lines
823 B
Plaintext
// Licensed under the Apache License, Version 2.0
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// © mihakralj
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//@version=6
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indicator("Momentum (MOM)", "MOM", overlay=false)
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//@function Calculates price momentum over specified period
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//@param src Source series to calculate momentum for
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//@param len Lookback period for momentum calculation
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//@returns Momentum value measuring rate of price change
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mom(series float src, simple int len) =>
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if len <= 0
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runtime.error("Length must be greater than 0")
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float result = 0.0
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if not na(src) and not na(src[len])
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result := src - src[len]
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result
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// ---------- Main loop ----------
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// Inputs
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i_length = input.int(10, "Length", minval=1)
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i_source = input.source(close, "Source")
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// Calculation
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mom_value = mom(i_source, i_length)
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// Plot
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plot(mom_value, "MOM", color=color.yellow, linewidth=2)
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