ARTICLE SYNOPSIS...Calculating Momentum A New Way by Darryl W. Maddox Traditionally, the calculation of market momentum has been a difference calculation. Thus, a momentum indicator for the Dow Jones Industrial Average is calculated by subtracting the closing value on one
ARTICLE SYNOPSIS...CALCULATING MOMENTUM Momentum is traditionally calculated as the difference between the price today and the price n days ago. The method presented here substitutes for the price n days ago an average of the previous three period's high, low and closing