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Momentum (Mom) Indicator
05.01.2012
In this blog post, we will be looking at the Momentum (Mom) indicator.
Trade > Charts > 
> Oscillators > Momentum (Mom)
The Momentum indicator calculates the rate of change in the closing price and is used to indicate trend weakness and likely reversal points. This simple indicator is easy to analyse and is perfect for rookie FX traders.
High (Positive/Negative) Momentum readings are when a trend is at it’s strongest. Low readings are generally found at the very start or end of a trend. The Momentum indicator is fairly rudimentary and is usually used in conjunction with other indicators to determine entry and exit points.
The Momentum indicator, like all other indicators available on the Citi platform, is fully bespoke. You can adjust everything from the time period right down to the colour and thickness of the trend line! As you can see from the EURUSD chart below, we have applied the Momentum indicator as a separate pane.
You may also wish apply another indicator to accompany the Momentum indicator. To do this, simply click on:
What really sets the CitiFX Pro platform apart from the rest is that the whole system is fully bespoke, allowing you to create your own trading environment that suits your style of trading. The platform allows you to make calculated decisions, using charts and indicators in a matter of minutes. You can manipulate the data, change the chart, time period and even add annotations, all at the click of a button.
You can even save the charts, or export them outside of the platform for future reference. If you wish to save the chart right-click on it, go Chart >:
- Saves the study as a StdSP file which can be opened using the CitiFX Pro software
- Saves the study as a jpeg image for external use.
- Copy the study directly to your clipboard and paste into another program such as MS Word.