The Momentum indicator measures the rate of price change by comparing the current closing price to the close a specified number of periods ago. Values above zero suggest upward momentum and rising prices, while values below zero indicate downward momentum — making it a straightforward tool for gauging trend speed and potential reversals.
This sample displays CSCO daily OHLC data on the main plot and computes the Momentum indicator with period 16 in a 30% height subplot. The chart maps open, high, low, close, and volume fields, features dual Y-axes on both plots, and includes a synchronized line scroller, a range picker, and a range selector, with the default view from January 1999 to June 2003.
See the Technical Indicators documentation for all configuration options.