Time-Anchored Momentum Oscillator Using a Chosen Start Time
Summary
The document describes the MIT oscillator, a momentum measure anchored to a user-selected time of day. It compares the current bar’s price with the price at the specified start time, producing a price difference that tracks movement since that anchor. Two inputs set the anchor hour and minute.
The examples refer to different calculation start times, illustrating that changing the anchor changes the reference point for the indicator. The document explains the calculation but provides no trading rules, parameter guidance, performance results, or tests. It also does not specify how to handle missing bars or the instrument and timeframe assumptions, so users would need to define those details before applying the measure in a strategy.
Key ideas
- MIT measures the difference between the current bar price and the price at a chosen time of day.
- The user sets the reference time with hour and minute inputs.
- Changing the anchor time changes the momentum series’ baseline.
- The document defines an indicator but gives no entry, exit, or risk rules.
- No backtest evidence or implementation caveats are provided beyond the basic calculation.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.