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Momentum Percent % (MO%)

Momentum % resembles Momentum very much. The difference is Momentum % is a measure of the day as a percentage of the maximum Momentum. And not the difference between current price and the one of n-days prior.

So:

if P_t today's price and P_t-n the price n days ago, Momentum is calculated as:

MO_t = P_t - P_t-n

So if you define MO_max the highest absolute value of the momentum, the Momentum Percent % is:

MO%_t = MO_t / MO_max

To interpret Momentum % you can in the same way as Momentum - sell if it's the reverse and buy if Momentum % shifts from negative to positive.

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