OPEN-SOURCE SCRIPT

MA Momentum

1 686
This simple script takes two ma's sums them and takes the the difference between the current and previous data points. This gives a lovely smoothed momentum indicator. The way it works is if its green its good and if its red its bad. In other words, I take the smooth signal as a filter for the momentum. You can also spot divergences between the indicator and the price to make decisions. Some features include extra smoothing and adjustable ma's. I hope you find this script useful!

Thank you.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.