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MomentumOscillator

Summary

The calculation of the Momentum Oscillator indicator.

Remarks

Momentum measures the rate of price change over time and provides a leading indicator of changes in trend. It gives signals before price action happens. The momentum oscillator is unbounded i.e. there is no maximum or minimum value. It is calculated as the closing price now minus the closing price n periods ago.

Signature 

1
public abstract interface MomentumOscillator

Namespace

cAlgo.API.Indicators

Examples

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 private MomentumOscillator _momentum;
 protected override void Initialize()
 {
     _momentum = Indicators.MomentumOscillator(MarketSeries.Close, 14);
 }
 public override void Calculate(int index)
 {
     double momentum = _momentum.Result[index];
 }

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 using cAlgo.API;
 using cAlgo.API.Indicators;
 namespace cAlgo.Robots
 {
     // This sample cBot shows how to use the Momentum Oscillator indicator
     [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
     public class MomentumOscillatorSample : Robot
     {
         private double _volumeInUnits;
         private MomentumOscillator _momentumOscillator;
         private SimpleMovingAverage _simpleMovingAverage;
         [Parameter("Volume (Lots)", DefaultValue = 0.01)]
         public double VolumeInLots { get; set; }
         [Parameter("Stop Loss (Pips)", DefaultValue = 10)]
         public double StopLossInPips { get; set; }
         [Parameter("Take Profit (Pips)", DefaultValue = 10)]
         public double TakeProfitInPips { get; set; }
         [Parameter("Label", DefaultValue = "Sample")]
         public string Label { get; set; }
         public Position[] BotPositions
         {
             get
             {
                 return Positions.FindAll(Label);
             }
         }
         protected override void OnStart()
         {
             _volumeInUnits = Symbol.QuantityToVolumeInUnits(VolumeInLots);
             _momentumOscillator = Indicators.MomentumOscillator(Bars.ClosePrices, 14);
             _simpleMovingAverage = Indicators.SimpleMovingAverage(_momentumOscillator.Result, 14);
         }
         protected override void OnBar()
         {
             if (_momentumOscillator.Result.Last(1) > _simpleMovingAverage.Result.Last(1))
             {
                 ClosePositions(TradeType.Sell);
                 if (_momentumOscillator.Result.Last(2) <= _simpleMovingAverage.Result.Last(2))
                 {
                     ExecuteMarketOrder(TradeType.Buy, SymbolName, _volumeInUnits, Label, StopLossInPips, TakeProfitInPips);
                 }
             }
             else if (_momentumOscillator.Result.Last(1) < _simpleMovingAverage.Result.Last(1))
             {
                 ClosePositions(TradeType.Buy);
                 if (_momentumOscillator.Result.Last(2) >= _simpleMovingAverage.Result.Last(2))
                 {
                     ExecuteMarketOrder(TradeType.Sell, SymbolName, _volumeInUnits, Label, StopLossInPips, TakeProfitInPips);
                 }
             }
         }
         private void ClosePositions(TradeType tradeType)
         {
             foreach (var position in BotPositions)
             {
                 if (position.TradeType != tradeType) continue;
                 ClosePosition(position);
             }
         }
     }
 }

Properties

Result

Summary

Gets the resulting series of the Momentum Oscillator indicator calculation.

Signature 

1
public abstract IndicatorDataSeries Result {get;}

Return Value

IndicatorDataSeries

Examples

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 public override void Calculate(int index)
 {
     double momentum = _momentum.Result[index];
 }