Momentum goes hand in hand with trend identification. GoNoGo Oscillator® helps investors understand the velocity of price change, giving valuable information about the strength of a trend and the market’s conviction in it. Strong or increasing momentum provides confirmation of a trend, while decelerating momentum gives the investor a leading indication of weakness and the potential for reversal.
This is a companion discussion topic for the original entry at https://www.optuma.com/kb/optuma/tools/gonogo/gonogo-oscillator