Smoothed Momentum indicator is a smoothed momentum.

There are five inputs:

  • Momentum period - calculation period
  • Use smoothing (Yes/No)
  • Smoothing period
  • Smoothing method
  • Applied price - Momentum calculation price

Calculation:

  • If Use smoothing = Yes
    Momentum = MA(Mom, Smoothing period, Smoothing method)

  • otherwise
    Momentum = Mom

where:

Mom = 100.0 * MA / PMA

MA - SMA(Applied price, 1)

PMA - SMA(Applied price) Momentum period back

Fig. 1. Smoothed Momentum, Use smoothing = Yes

Fig. 2. Smoothed Momentum, Use smoothing = No