Ollie_allcaps Momentum Indicator
Momentum is created when a security makes a large move on higher-than-average volume. Momentum shows the rate of change in price movement over a period of time to help investors determine the strength of a trend.
This indicator will create a green spike once price advances 4% and is trading above the 50-day average trading volume. However, if the stock begins to breakdown (-4% or greater on above average volume), a red spike will be created.
These green and red spikes represent a change in momentum that occurs in the selected security.
This indictor should be used in 2 ways:
1: What are the charecteristics of this stock? Does it breakdown shortly after a momentum spike? or does the security trend in orderly manner after a momentum spike?
2: Investers should use this indicator to determine the strength of a momentum breakout in real time. Has the stock made a large move, but with no significant volume?
Customization:
The Percentage move, and average daily volume can be changed as well as colors.
Alerts:
If you wish to set an alert, this indicator allows you to create an alert when the selected stock meets your desired criteria.
This indicator will create a green spike once price advances 4% and is trading above the 50-day average trading volume. However, if the stock begins to breakdown (-4% or greater on above average volume), a red spike will be created.
These green and red spikes represent a change in momentum that occurs in the selected security.
This indictor should be used in 2 ways:
1: What are the charecteristics of this stock? Does it breakdown shortly after a momentum spike? or does the security trend in orderly manner after a momentum spike?
2: Investers should use this indicator to determine the strength of a momentum breakout in real time. Has the stock made a large move, but with no significant volume?
Customization:
The Percentage move, and average daily volume can be changed as well as colors.
Alerts:
If you wish to set an alert, this indicator allows you to create an alert when the selected stock meets your desired criteria.
Release Notes:
The recent addition to this momentum Indicator is the addition of the Trend Intensity 65 (TI65).
TI65 measure how Intense the trend is by signaling when the 7-period moving average is greater than 5% above the 65-period moving average. This information is important when determining not only if the stock is in an uptrend, but how INTENSE the trend is.
Using both the 4% breakout signal AND the TI65 together, traders will have a very clear picture of a stock making a strong momentum move. Traders can use this information to find low risk opportunities during the strong trend. Finally, when a stock is in an intense uptrend AND breaking out on high volume, traders will have an edge using this indicator.
TI65 measure how Intense the trend is by signaling when the 7-period moving average is greater than 5% above the 65-period moving average. This information is important when determining not only if the stock is in an uptrend, but how INTENSE the trend is.
Using both the 4% breakout signal AND the TI65 together, traders will have a very clear picture of a stock making a strong momentum move. Traders can use this information to find low risk opportunities during the strong trend. Finally, when a stock is in an intense uptrend AND breaking out on high volume, traders will have an edge using this indicator.