Intraday Momentum Index: Inputs and Price-Change Basis

Summary

The document introduces the Intraday Momentum Index, an oscillator that compares directed price movement with total price movement over a selected period. Its adjustable settings are the calculation period and the overbought and oversold thresholds. The calculation description defines smoothed upward and downward components using simple moving averages, with price direction determined by comparing the close with the open.

The displayed source is incomplete: the formulas that specify how the upward and downward components are assigned are absent, and no threshold values, examples, or performance evidence are given. The description therefore conveys the indicator’s general intent and configurable inputs but is insufficient to reproduce the full calculation or assess its usefulness as a signal. Treat it as a concise indicator overview, not a tested trading rule.

Key ideas

• The index compares directed price movement with total movement over a chosen period.
• Its settings include the calculation period and overbought and oversold levels.
• The calculation uses smoothed upward and downward price-change components.
• The source omits key formula details and provides no trading results.

Tags

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