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Anchored Momentum
The four indicators in Rudy Stefenel's article "Anchored Momentum" canbeeasily created in MetaStock.

First, choose Indicator Builder from the Tools menu. If you have MetaStock 6.5 enter the following formulas:

Anchored Momentum - General w/ Exponential Smoothing

MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving AveragePeriods",1,1000,7);
100 * ((Mov(CLOSE, EMAPer, E) /
Ref(Mov(CLOSE,SmaPer,S), ((SmaPer - 1)/2) - MomPer)) - 1)

 

Anchored Momentum - General

MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
100 * ((CLOSE / Ref(Mov(CLOSE, SmaPer, S),((SmaPer- 1)/2) - MomPer)) - 1)

 

 

Anchored Momentum - Most w/ Exponential Smoothing

MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving AveragePeriods",1,1000,7);
100 * ((Mov(CLOSE, EmaPer, E) / Mov(CLOSE,(2 * MomPer)+ 1, S) )- 1)

 

Anchored Momentum - Most

MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Moving Average Periods",1,1000,7);
100 * ((CLOSE / Mov(CLOSE, (2 * MomPer) +1, S) )- 1)

 
 
e-w-Anchored_Momentum.gif
Drag any of the above indicators from the Indicator QuickList to the desired chart. MetaStock 6.5 will prompt you to enter values for the specified parameters.
Source / From: TOP
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