
PriceMomentum on Eurodollar, Gold, and Bitcoin
PriceMomentum is a revolutionary chart type that enhances traditional price action by incorporating additional market features. This helps traders identify the true dynamics of supply and demand, as well as key levels of support and resistance.
Introducing the PriceMomentum Chart
Developed by George Protonotarios, PriceMomentum is an innovative chart type that offers a fresh perspective on chart analysis, allowing a deeper understanding of historical price movements. The PriceMomentum algorithm is designed to calculate price changes alongside market volatility and shifts in periodic price momentum. In its initial version, data is calculated on a daily basis.
PriceMomentum Algorithm
The PriceMomentum algorithm consists of three main components:
- Price Change (%)
- Intraday Volatility (%)
- Price Momentum Shifts (calculated on an intraday basis)
Features:
- The PriceMomentum chart focuses on daily percentage gains and losses, rather than the price itself.
- It combines price changes, intraday momentum, and intraday volatility for a more comprehensive view.
- The chart uses a logarithmic scale, similar to a logarithmic chart, but integrates additional data for enhanced precision.
- More accurate than standard line or logarithmic charts, especially near key market tops and bottoms.
- Extremely sensitive to price momentum shifts, particularly during significant volatility (which is common near market extremes).






