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Comparing Momentum and Rate of Change Indicator Variants

Article MQL5 code base
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Summary

This document describes an indicator that plots two selected momentum or rate of change series in one chart window, allowing comparison across indicator types and lookback periods. It lists five variants: Momentum, Rate of Change, Rate of Change Percentage, Rate of Change Ratio, and Ratio on a 100-point scale. The variants differ in whether they express the price change as a raw difference, a fraction, or a percentage-like ratio.

The document gives the calculation definitions but offers no trading rules, market examples, performance evidence, or guidance for choosing periods. It is therefore a reference for understanding and visually comparing oscillator formulations, rather than a tested strategy. Users should account for the differing scales when comparing the plotted series, since the raw price difference is not directly on the same scale as the ratio-based versions.

Key ideas

  • The indicator can display two momentum or rate of change calculations together.
  • Momentum measures the raw difference between current and prior prices.
  • Rate of change variants express price movement as ratios, fractions, or scaled percentages.
  • The document specifies formulas but provides no tested entry, exit, or risk rules.

Tags

Technical indicatorsMomentum

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.