Momentum
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Copy to Clipboard Global monMin = 100 Global monMax = -100 Global size = (monMax - monMin) * 0.3 Local fall = 0 Local jump = 0 IF (Mom[0](Close, 12) > monMax) THEN monMax = Mom[0](Close, 12) ENDIF IF (Mom[0](Close, 12) < monMin) THEN monMin = Mom[0](Close, 12) ENDIF // hollow IF (Mom[1](Close, 12) < Mom[2](Close, 12) AND Mom[1](Close, 12) < Mom[3](Close, 12) AND Mom[1](Close, 12) < Mom[4](Close, 12)) THEN IF ( Mom[2](Close, 12) - Mom[1](Close, 12) > size or Mom[3](Close, 12) - Mom[1](Close, 12) > size or Mom[4](Close, 12) - Mom[1](Close, 12) > size) THEN fall = 1 ENDIF ENDIF // peak IF (Mom[1](Close, 12) > Mom[2](Close, 12) AND Mom[1](Close, 12) > Mom[3](Close, 12) AND Mom[1](Close, 12) > Mom[4](Close, 12)) THEN IF ( Mom[1](Close, 12) - Mom[2](Close, 12) > size or Mom[1](Close, 12) - Mom[3](Close, 12) > size or Mom[1](Close, 12) - Mom[4](Close, 12) > size) THEN jump = 1 ENDIF ENDIF //if Momentum formed a hollow and started growing, open a Buy position IF (Mom[0](Close, 12) > Mom[1](Close, 12) AND fall > 0) THEN addBuyEntry ENDIF //if Momentum formed a peak and started falling, open a Sell position IF (Mom[0](Close, 12) < Mom[1](Close, 12) AND jump > 0) THEN addSellEntry ENDIF
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