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Fat Tails
Exported using NT Version 7.0.1000.1
This is an improved version of the momentum indicator.
The n-period momentum is the difference between the close of the last bar and the close n bars ago. When a large bar n periods ago drops out of the momentum calculation, this can create a significant distortion, as it will show as a change in momentum, even if there was no or little price change for the last bar.
To eliminate this problem, the input value n bars ago was replaced with the triangular moving average SMA(SMA(Input, n+1), n+1)[0]. This modification does not change the usability of the momentum indicator, but simply eliminates the distortion.
October 25th, 2016 04:16 PM hobbys11 thx very much.
September 9th, 2015 04:48 PM anup Thx fat Tail. That is a great Indicator. Very thoughtful of you. Thx again.
July 21st, 2015 03:50 PM pepbosch great idea from a great brain! Thanks
December 27th, 2013 04:42 AM Maxie in welchem TF benutzt Du den Indi am Meisten? I can see the "alpha Auction bars"in the screen, sind die auch von Dir? Wü
rde ich gern ausproboieren, kannst Du mir sagen, wo ich die finde?