Corr momentum (Corrected Momentum Indicator)
Mladen : If the periods of the "Correction" is set to <0,then the calculated value is the same as the momentum (if you
compare it to the built in momentum,add 100 to it and then the values are going to be exactly the same)
In any case the "Correction" was added to the momentum in order to filter out many false signals that momentum tends to have (if you try to use momentum based on the slope,it will lead you to any thing but usable indicator - the "Corrected" method changes that and turns the momentum indicator into a more usable indicator)
Alerts are also included already - depending on color choice the alerts are triggered too,possible color/alert choices are
on outer level cross
on middle level cross
on slope change
on original momentum value cross (when 'Corrected" value is used as a kind of a signal line compared to original value)
again thanks to our creative expert