Intraday Momentum Index

The Intraday Momentum Index is an oscillator used to identify security overbought and oversold conditions.

Intraday Momentum Index

The Intraday Momentum Index is an oscillator used to identify security overbought and oversold conditions.

 


Intraday Momentum Index Formula

The Intraday Momentum Index is constructed by averaging n day's worth of upward price changes (close is greater than open) to n day's worth of downward price changes (close is less than open). 

Intraday Momentum Index formula

Intraday Momentum Index formula



Intraday Momentum Index Interpretation

The Intraday Momentum Index is similar to other oscillators.  Sell signals are indicated when the index crosses above the overbought level of 70% and buy signals are indicated buy signals are issued when the index crosses below the oversold level of 30%.

The Intraday Momentum Index is an oscillator which identifies stock overbought and oversold conditions.

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