Intraday Momentum Index Indicator, Formula, Strategy

Tushar Chande first developed the Intraday Momentum Index in this book “The New Technical Trader”. The indicator belongs to the oscillator family. Traders found the indicator almost similar to RSI (Relative Strength Index). I will discuss the similarity later. First, let’s break down the definition of the indicator first. Then we will move towards the … Continue reading “Intraday Momentum Index Indicator, Formula, Strategy”