Calculate the Intraday Momentum Index in Excel

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Best step by step guide to calculation of Intraday Momentum Index, which literature is not available anywhere else including Investopedia. Good Video.

infact
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Many thanks. I'm using your video to try & construct my own Relative-Rotation Charts, where RSI & momentum of different stocks are charted relative to the main index. Great visual.

paulcurtis
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Very well explained. But the MOM is the same result as if I calculated RSI. Whats the difference?

AndrewLander