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Dear Dom,
The Market Momentum is what I have been using and I had wanted to
know what data feeds to obtain to calculate it within the system. It
is definitely not the standard Momentum as defined and sounds
secretive. The nice thing about the site is that it updates on a 10
min. basis as I recall. Worst case scenario if it continues as a
decent screen, it is easily accessable.
It seems that what they are doing is proprietary. I e-mailed them
anyway to see if they would release further details on it gratis or
for a price.
If there is any further interest in this Market Momentum, let me know
privately and I will let you know what I find out, if anything.
Thanks,
John
------------------ Reply Separator --------------------
Originally From: "dom1_1998" <dominick@xxxxxxx>
Subject: [RT] Re: Momentum
Date: 11/10/2002 02:42am
I copied this from their site:
Momentum
Market Momentum is an overview of the stock market. Momentum lists
selected major market indices and market rates as well as a market
momentum summary box.
The momentum summary box contains a table of the number of stocks
whose price has increased and decreased and the percentage of stocks
above their 20, 50, 100, 150 and 200-Day moving average, today,
yesterday, last week and last month.
Momentum also lists the number of NYSE, NASDAQ and AMEX stocks who
have advanced and declined for the day with the volume of shares
traded, as well as the number of new 52 week high and low stocks for
each of the exchanges.
Dominick
--- In realtraders@xxxx, John Cappello <jvc689@xxxx> wrote:
>
> I know the classical definition of Momentum as calculating the
spread
> of the current price and the price length intervals.
>
> A line of Momentum calculations indicates if prices are changing at
> an increasing or decreasing rate. Crossing the zero line indicates
a
> change in trend.
>
> That being said if one goes to www.barchart.com a Momentum of -
0.58%
> is seen at the bottom of the page. You will also see the Momentum
for
> other times of the month.
>
> Can anyone decipher if barchart Momentum is calculated per the
above
> definitions. I have been using it as a screen to accept or reject
> signals given by my system. Reject a long signal if Momentum is
> negative and accept it if Momentum is positive. Vice versa the
> rejection and acceptance of a short signal. So far the results have
> been impressive.
>
> Positive oriented comments sought.
>
> John
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