Momentum (MOM)
A simple indicator that measures the amount that a security's price has changed over a given span of time.
Usage
Use to measure the velocity of price changes. Positive values indicate an uptrend, while negative values indicate a downtrend.
Background
Momentum is one of the most basic and powerful concepts in technical analysis. It measures the rate of change of an asset's price, providing a clear indication of trend strength and potential exhaustion before the actual price reversal occurs. — StockCharts ChartSchool
Parameters
timeperiod(default: 10): Lookback period
Formula
\[
MOM = Price_t - Price_{t-n}
\]