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Unnormalized Implicit Momentum

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[Experimental] The oscillator takes an alternative measure of the price's momentum and provides a threshold from its dispersion to locate a trend. Implicit as it is not a direct measure of the momentum but is derived from it. Once this function closes above the threshold, a trend is set as suggested by the colour of the momentum. Normalized version may soon also be released though it may prove not be as effective in trend trading (e.c RSI isn't particularly helpful for trend trading).

It'll print bull or bear to suggest which type of trade to take. Use in confluence with your own system.

There is a positive correlation between the rate and TF so for HTF's choose a higher rate. I haven't yet found a relationship for other variables so play around with the inputs.
Sürüm Notları
- Small fix with default colours
Sürüm Notları
Updated for version 5.

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.