A Percentage Momentum Indicator (oscillator) is a technical indicator which shows the trend direction and measures the pace of the price fluctuation by comparing current and past values. Normalized to be bounded to oscillate between 0 and 100 percent of recent price variation. As is, it average true range of an instrument can be easily compared to any other because of absolute percentage variation and not prices itselves.
The benefits of Percentage Momentum
It indicates volatility
It ideal to compare fluctuation and volatility between other assets
In assets that changes btw a large range of prices like crypto it's the best way to work with momentum.