The Based Momentum Oscillator (VBMO) is designed to delineate between steady versus more accelerated and climactic price movements.
VBMO is calculated using a short-term moving average, the distance of price from this moving average, and the trading instrument’s . Even though VBMO’s calculation is relatively simple, the resulting values can help traders identify, analyze and act upon many scenarios, such as climax tops, reversals, and capitulation. Moreover, since the units and scale for VBMO are always the same, the indicator can be used in a consistent manner across multiple timeframes and instruments.
For more details, there is an article further describing VBMO and its applicability.