Momentum Scans to make money
Momentum can be calculated in many ways and the period and specific method used to calculate momentum depends on your goals and holding periods.
Momentum is often used to rank stocks and then top 25 or top 50 or top 200 stocks are selected for swing or position trades. This kind of momentum is relative momentum or relative strength.
Momentum can also be used to identify when a stock has entered momentum phase and when the momentum has ended. This kind of momentum is called absolute momentum.
Momentum based trading strategies have big advantage as they allow you to put your money to work in fastest moving stocks.
The momentum scans shared here can help you find momentum stocks on your own and profit from them.
In Telechart you can create a layout with multiple momentum sort criteria. This kind of momentum sort allows you to rank stocks by momentum quickly.
YTD Momentum
This sort criteria comes in pre built in to Telechart. It finds momentum from 1st January to today. The scan parameters are:
100 * (C / C’12/31/2017′ – 1)
MDT Momentum
c/c10
Source: http://stockbee.blogspot.com/2018/08/momentum-scans-to-make-money.html
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