William Blau Candlestick Momentum as a Price Difference

Summary

The William Blau candlestick momentum indicator is described as the difference between a selected price and that price from a specified number of periods earlier. Its two inputs are the lookback period and the applied price, allowing the calculation to use different price series and horizons. Positive or negative readings therefore express the direction and size of price change over that interval.

The document gives only this calculation and parameter description. It offers no trading rules, interpretation thresholds, empirical evidence, or guidance on using the indicator in a strategy. As a result, it explains the basic construction but does not establish whether the measure predicts returns or how it should be combined with other signals.

Key ideas

• The indicator measures a price change across a chosen lookback period.
• The calculation depends on the selected applied price.
• The document supplies no entry rules, exit rules, or performance evidence.

Tags

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