Momentum (MOM)
The price now less the price N bars ago.
Formula
MOM = Price − Price N bars ago
How to read it
Above zero is upward momentum; its slope shows acceleration.
How to use it
A simple read of whether price is rising faster or slower than before.
Limitations
In price units, so not comparable across stocks — ROC is the percentage version.
In Kereon
Charts · Superchart. Default 10; zero line drawn.
Also called: mom.