cheatcountry

Ultimate Momentum Indicator [CC]

This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks and valleys. I have included strong buy and signals in addition to normal ones so darker colors are the strong buy and sell signals and lighter colors are the normal ones. I would recommend to buy when the line turns green and sell when it turns red.

Let me know if there are any other indicators you would like me to publish!
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?

코멘트

Have you tried on different timeframes? On which one you have better results? thanks
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@horca17, That really depends on the underlying stock itself because I have noticed that different stocks seem to work better with different timeframes. That being said you can always do a slow timeframe combined with a fast timeframe to see when they crossover
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Very Nice One Brother.
Can you Plot it with RSI
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cheatcountry Aryan-Anand
@Aryan-Anand, My script already uses the rsi as part of the calculation
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Nice one! :)
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cheatcountry AtomOfScent
@AtomOfScent, thank you!
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