Xceed Chart for WinForms v4.4 Documentation
Welcome to Xceed Chart for WinForms v4.4 / User Guide / Data Manipulation / Functions / Momentum
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    Momentum
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    Syntax

    MOMENTUM(A1; period)

    Arguments

    A1 must be an array.
    The 'period' argument must be a constant greater than or equal to 1.

    Result

    The result is an array.
    The first 'period' elements are marked as invalid.

    Description

    The Momentum indicator measures the amount that a security's price has changed over a given time span. It can be used as a trend-following oscillator similar to the MACD or as a leading indicator. The formula of the momentum is: 

    Momentum[n] = A1[n] - A1[n - period]

    Related Examples

    Windows Forms: Data Manipulation\Functions\Momentum