How to Use Momentum Indicators
This page explains how to read and interpret the Momentum Indicators results. This scanner is designed to identify stocks within a selected index that show momentum strength, trend alignment, and confirmation across multiple indicators.
The results shown here are for Index: NIFTY 50. Each row represents one stock for one trading day, filtered based on momentum-related signals.
Understanding Each Column
Symbol
The stock symbol as listed on the exchange. Each symbol uniquely identifies a company within the index.
Date
The trading date on which the momentum indicators were evaluated. All values in the row correspond to this trading session.
Close
The closing price of the stock for the given trading day.
- Represents the final consensus price after market participation
- Used as the base price for most momentum calculations
RSI 14
The 14-period Relative Strength Index.
- Measures the speed and magnitude of recent price changes
- Values above 50 indicate bullish momentum
- Values below 50 indicate weakening or bearish momentum
RSI Trend
The short-term directional trend of the RSI indicator.
- Indicates whether momentum is strengthening or weakening
- Helps confirm whether RSI is rising, falling, or flattening
MACD Histogram
The difference between the MACD line and the signal line.
- Positive values suggest bullish momentum
- Negative values suggest bearish momentum
- Increasing histogram bars indicate strengthening momentum
Stochastic %K
The fast stochastic oscillator value.
- Measures the stock’s position relative to its recent high-low range
- Higher values indicate strong upside momentum
Stochastic %D
The signal line of the stochastic oscillator.
- Used to smooth %K and identify momentum shifts
- Crossovers between %K and %D often signal momentum changes
ROC 14
The 14-period Rate of Change indicator.
- Measures the percentage change in price over 14 periods
- Positive values indicate accelerating upward momentum
- Negative values indicate decelerating or downward momentum
CCI 14
The 14-period Commodity Channel Index.
- Measures deviation from the statistical mean price
- Positive values suggest strong momentum
- Extreme values may indicate overextended conditions
MFI 14
The 14-period Money Flow Index.
- Combines price and volume to assess buying and selling pressure
- Higher values indicate strong inflows
- Lower values indicate distribution or selling pressure
ADX 14
The 14-period Average Directional Index.
- Measures the strength of a trend, not its direction
- Higher values indicate a strong, established trend
- Lower values suggest a range-bound or weak trend
How to Read This Data Holistically
This scanner should be interpreted by evaluating multiple momentum indicators together, rather than in isolation.
- Alignment across RSI, MACD, and ROC suggests sustained momentum
- Stochastic and CCI help identify short-term momentum conditions
- ADX confirms whether momentum is supported by a strong trend
What This Scanner Indicates
- Stocks exhibiting consistent momentum across indicators
- Potential trend continuation or momentum expansion candidates
- Stocks showing strong participation and directional conviction
What This Scanner Does Not Indicate
- It does not predict exact entry or exit points
- It does not guarantee trend continuation
- It does not replace price action or risk management analysis
Important Notes
- This scanner is most effective in trending market conditions
- Momentum signals should be confirmed with price structure
- Always consider broader market and index-level context
Disclaimer: This information is provided for educational and analytical purposes only and should not be considered trading or investment advice.
Data Update Frequency
Momentum Indicators data is updated after market hours for each trading day.
Summary
The Momentum Indicators scanner helps identify stocks within an index that demonstrate strong and aligned momentum across multiple technical indicators. It is best used to narrow focus to stocks where trend strength and momentum are clearly evident.