Multi-Symbol Momentum from Moving-Average Changes

Summary

This indicator compares momentum across as many as eight selected symbols. For each symbol, it calculates the difference between today’s moving average and the previous day’s moving average, using a configurable period, averaging method, and applied price. A vertical shift separates the plotted lines so their movements can be viewed together.

The document describes the indicator’s inputs and shows example plots with different periods and shifts. It does not provide trading rules, performance evidence, or guidance on choosing parameters. The moving-average change can help compare direction and pace across symbols, but the description alone does not establish predictive value or explain how to handle scale differences between instruments.

Key ideas

• Momentum is defined as the change in a symbol’s moving average from the prior day.
• The moving average period, calculation method, and applied price are configurable.
• The indicator can display lines for up to eight symbols.
• A vertical shift spaces the symbol lines for visual comparison.
• The document supplies example settings but no strategy evaluation or performance results.

Tags

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