Momentum
LiveIt is one of the simple momentum indicator that uses price data only to generate buy and sell signal
How calculated | (Latest price/price given days ago-1)*100 |
Example usage | =Momentum("MSFT") - Returns Momentum value for 10 day period =Momentum("MSFT",20) - Returns Momentum value for 20 day period =Momentum("MSFT",20,"9/1/2021") - Returns Momentum value for 20 day period with start date 1 September 2021 |
Notes | Positive momentum can indicate a potential bullish trend while negative momentum can indicate a bearish trend |
Assets | Stocks ETFs Mutual Funds Currencies Cryptocurrencies |