Open-source scriptindicator/v1
Momentum
Measure the absolute price difference from a configurable number of bars ago.
#momentum#oscillator
Description
The Momentum indicator subtracts an earlier price from the current price. Readings above zero indicate a net advance over the lookback period and readings below zero indicate a net decline, while distance from zero shows the move size.
Open-source script. Everyone can inspect the source code, use the script on a chart, and save an editable copy.
Release notes
Version history · 1 published version
Version 1CurrentChart updatedMomentum · Aug 31, 2026
Source codempl-2.0View sourceHide source
indicator("Momentum", { overlay: false });
const length = input.int("Length", 10, { min: 1, max: 500 });
const source = input.source("Source", "close");
plot(mom(source, length), { title: "Momentum", color: "#00bcd4", lineWidth: 2 });
hline(0, { title: "Zero", color: "#78909c", style: "dotted" });
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