DayMomentum: Automatically Sized Momentum for Intraday Charts

Summary

DayMomentum is a momentum indicator whose calculation period adjusts automatically according to the number of bars in the current day. It is described as suitable for chart intervals ranging from one minute to one day, with the intended use being intraday trading decisions.

The document offers no formula, parameter details, examples, or performance evidence, so it does not explain how the adaptive period is calculated or establish whether the indicator is effective. It also notes that the first calculation may take time. Traders would need to inspect the implementation and independently evaluate the indicator across instruments and market conditions before relying on it.

Key ideas

• The indicator sets its momentum period using the number of bars in the current day.
• It is intended for intraday decision-making across chart intervals from one minute to one day.
• The first calculation may take some time.
• The description provides no trading rules or evidence of performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.