Ease of Use
MOMO is a real-time market scanner developed and designed for momentum merchants. This scanner presents in-depth seems at shares setting new intraday highs and lows to assist momentum merchants discover the correct alternatives. MOMO additionally contains options reminiscent of alerts, market meters, and customized filters. Learn our MOMO evaluate now to be taught extra.
MOMO is a real-time market scanner designed for momentum buying and selling. It presents a have a look at all shares setting new intraday highs and lows to assist day merchants determine potential buying and selling alternatives. The platform additionally helps customized filters and alerts that will help you keep on prime of the newest modifications out there.
So, is MOMO best for you? Our MOMO evaluate will cowl all the things you want to find out about this platform.
MOMO Pricing Choices
MOMO presents two pricing tiers: Commonplace and Professional. The Commonplace plan prices $10.99 per thirty days and doesn’t embrace the Discovery scanner or alerts primarily based on a inventory’s buying and selling quantity, distance from VWAP, or worth change. The Professional plan prices $23.99 per thirty days or $96 for six months and provides these options.
You may check out MOMO free for five days (bank card required).
MOMO presents breadth meters for the Dow, Nasdaq, and S&P 500 indices. The meters use a heatmap-like show to indicate the variety of shares in every index hitting intraday highs and lows over a 3-minute shifting common.
The meters provide a easy method to maintain monitor of intraday momentum. Nonetheless, it could be nice if MOMO additionally tracked how the frequency of intraday highs and lows is altering all through the day to provide a bigger-picture view of how a session goes. Because it stands, there’s no context about what has occurred exterior the 3-minute window captured by the meters.
Intraday Excessive and Low Scanner
The actual-time intraday excessive and low scanner is among the extra highly effective options inside MOMO. It’s a nonstop stream that exhibits each inventory hitting new lows in a left-hand column and each inventory hitting new highs in a right-hand column. The scanner additionally exhibits the variety of instances that image has hit a brand new excessive or low in the course of the present session and makes use of highlighting to point when a inventory can be hitting a 52-week excessive or low.
You may customise what shares the scanner shows primarily based on worth, quantity, and market sector. As well as, you’ll be able to create a second stream view that’s filtered in keeping with a customized listing of shares. You should add the listing as a CSV with all of the ticker symbols you wish to embrace within the real-time scan.
The Discovery scanner is MOMO’s strongest function and is barely out there to Professional customers. This scanner presents way more real-time details about shares that the intraday excessive and low scanner, whereas retaining the identical emphasis on serving to you discover shares with robust intraday momentum.
With the Discovery scanner, you’ll be able to kind shares primarily based on a customized momentum rating that measures the variety of new intraday highs versus the variety of intraday lows. It’s a easy however efficient metric to search out shares that maintain setting intraday highs or lows. As well as, the scanner allows you to kind shares by a inventory’s distance from its VWAP, cash circulation, buying and selling quantity, and float.
Two extra indicators assist you discover shares that might be targets for buying and selling. The weird quantity indicator compares buying and selling quantity throughout a 15-minute interval to the common quantity throughout that very same 15-minute interval during the last 30 days. In impact, it takes the idea of searching for shares with above-average buying and selling quantity and interprets it to intraday buying and selling.
The squeeze indicator is a sure or no indicator that identifies shares at the moment experiencing a squeeze sample. That is outlined algorithmically primarily based on quantity, worth change, and float. It’s not at all times good, however it presents a good way to slim your seek for buying and selling alternatives.
The Discovery scanner will be filtered primarily based on market sector or your favorited shares. You too can create customized filters primarily based on any of the columns within the information desk. The information is mechanically up to date each minute.
MOMO allows you to activate alerts for any inventory. By default, it shows 5 completely different alerts:
- Intraday excessive and low alerts
- Uncommon quantity alerts
- VWAP distance alert
- Value change alert
- Halted buying and selling alert
You may configure the alerts within the platform settings, however there’s no method to customise which alerts you obtain or at what ranges for particular person shares. Alerts set off browser notifications and your MOMO dashboard shows a historical past of all latest alerts so that you don’t miss something.
Customization and Format
All the information out there in MOMO is displayed on a single dashboard web page. You may toggle any of the modules on or off to streamline your dashboard, however there’s no method to rearrange them.
There are not any watchlists in MOMO. Nonetheless, it can save you any variety of shares as favorites and use favorited shares as a filter for the Discovery scanner.
MOMO Platform Differentiators
MOMO presents real-time scanners that will help you discover shares with intraday momentum. The scanners are purpose-built and provide solely a minimal quantity of customization within the type of inventory and information filters.
The principle differentiator inside MOMO is the Discovery scanner, which is barely out there to Professional subscribers. It offers you actionable data to search out buying and selling alternatives, together with particulars about how far a inventory’s worth is from its VWAP and what number of instances a inventory is hitting new intraday highs or lows. The Discovery scanner’s uncommon quantity and squeeze indicators are additionally distinctive and will be very useful in figuring out potential buying and selling setups.
One factor that we’d wish to see MOMO add is primary technical charts. Whereas the platform is clearly meant for use along with a devoted buying and selling platform, having easy candlestick charts inside MOMO can be a serious timesaver when combing by tons of of potential setups.
What Kind of Dealer is MOMO Greatest For?
MOMO is finest for day merchants who deal with buying and selling momentum shares. The platform’s scanners make it simple to identify shares which can be setting intraday highs and lows whereas buying and selling with uncommon quantity or shifting away from their VWAP.
Whereas MOMO may be very easy to make use of, it’s finest suited to superior merchants who’re snug rapidly analyzing setups in a devoted buying and selling platform. MOMO might provide tons of or hundreds of indicators a day, and it’s as much as particular person merchants to determine which of them to behave on.
The platform is solely centered on real-time intraday information, so it doesn’t make a lot sense for swing merchants or anybody with multi-day buying and selling methods.
- Simply monitor momentum on the index degree
- Filter the intraday excessive and low scanner with a customized listing of shares
- Distinctive momentum, quantity, and squeeze indicators
- Alerts primarily based on quantity, distance from VWAP, and worth change
- Comparatively inexpensive subscription
- Doesn’t provide any built-in charts
- No watchlists