The Momentum% study measures the velocity of price changes for a fixed time interval. Momentum is a price expressed as a percentage of an earlier price.
It is considered a Buy signal, when the Momentum% values start to rise, and a Sell signal when the values start to decrease.
||The price to be used in calculations.|
||The number of bars to go back to find the past price.|
||The Momentum% indicator.|
||Level of 100%.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.