Momentum

The Momentum tool can be used to observe the aggregate recent activity (uptick, downtick, refreshed quotes, etc.) of a security. Rather than trying to watch a symbol's market depth activity to "get a feel" for the security's momentum, the Momentum tool summarizes that data for you.

These data can be viewed in a graphical and/or numerical format:

The graphical Momentum display provides bar graph-style representations of information on market participant activity, allowing you to determine the recent momentum of a security at a glance.
The Score is the actual value the bar graph is representing and is determined by the Activity Rate (amount of total market participant activity) and Net Value (the sum of increasing to decreasing quote prices from market participants) over a period of time.
For a more detailed look at how StreetSmart Edge® represents momentum, see Understanding the Momentum Tool.

Create a new Momentum tab

Right-click on the tab at the top of any Momentum tab and select New Momentum List or click the + next to the tabs.
Enter symbols in the Add Symbol(s) field. Add multiple symbols at once by adding a comma between each symbol.
Click Add or press Enter to populate the list with the symbols you've entered.

Name (or Rename) a Momentum List

Double click on the tab name. You can also right-click on the tab name and select Rename [tab name]
The name field becomes highlighted and editable and you can type a new name.
Press Enter to finalize the new name.

TIP: You can also rename one or more saved Momentum lists by right-clicking on the tab name and selecting Manage Saved Momentum Lists. Click the pencil icon next to the list you wish to rename.

Save a Momentum List

Right-click on the tab at the top of the Momentum list and select Save [tab name]
Auto Save: If you don't have Auto Save enabled, be sure to manually save your layout if you want your new tabs to display next time you open StreetSmart Edge®.
You can save up to 20 Momentum lists in the software, and you can save an unlimited number of Momentum lists to a location outside the software using Save [tab name] to file....

Open a saved Momentum List

To open a Momentum list in a new tab, right-click the + next to the tabs in the Momentum list window, then take one of the steps below.

Open Momentum lists created in or provided with StreetSmart Edge® by selecting one of the choices in the Open Momentum List menu item.
Open a Momentum list that has been saved to a file by selecting Open Momentum List from File..., then find the file where it is saved on your computer. Select the file and click Open.

Creating a Fixed Symbol Order

Manually organize the symbols in a list by right-clicking on the tab you want to reorder and selecting Reorder Symbols... Then, click on a symbol in the list and use the Up/Down buttons to move the symbol around in the list. You can also add symbols from the Reorder Symbols window.
The symbol order you set in the Reorder Symbols window will affect the Custom Number column, which determines the default list order.

Duplicate a Momentum List

If you want to open another tab identical to an existing Momentum list, right-click on the tab at the top of the Momentum list and select Duplicate [tab name].

Close a Momentum List Tab

Click the X in the tab to close it, or right-click on the tab name select Close [tab name]. Closing a tab removes it from your Momentum window but does not permanently delete it.

Delete (permanently) a Momentum List

Delete one or more saved Momentum lists by selecting Manage Saved Momentum Lists from the right-click menu and clicking the x next to the list you wish to delete.

Clear ALL symbols from a Momentum List:

Right-click on the tab of the Momentum list you want to clear and select Clear All Symbols.
Confirm that you wish to permanently delete all symbols from this list.

Settings

Adjust the settings of your Momentum tool to make it work better for you by clicking the Settings menu option in either the Actions drop-down or in the right-click menu:

Momentum Settings
Columns	You may show the graphical Momentum display and/or the Score (%). Check one or both columns to display them in the Momentum tool.
Time Frame	Adjust the Time Frame slider to determine how far back in time you want the Momentum tool to gather data. Setting this value too low may result in very volatile, "spiky" graphs. Increasing the time frame tends to smooth out these spikes and may help spot possible longer trends. Set the time frame according to your particular trading style.
Market Speed	Adjust the Market Speed slider to help the tool compensate for how fast or slow the market is moving. The default setting is geared toward tracking higher volume, more active stocks. To track less active stocks, move the slider toward the slower end of the Market Speed setting.
Apply settings to...	Determine whether to apply these settings to just the current tab or to all Momentum tabs. TIP: Because of the way momentum is calculated, it may be valuable to have slower moving stocks in a separate tab from faster moving stocks, so you can set your Market Speed setting accordingly and get more accurate feedback.