OPEN-SOURCE SCRIPT

VPT-style Close-to-Close Indicator

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📈Cumulative momentum (close-to-close × rel. volume) | MA & Donchian optional | ⚡ Alerts

Key Features:

- Tracks cumulative price momentum using close-to-close changes weighted by relative volume.
- Optional smoothed line (SMA/EMA) to identify trend direction.
- Optional Donchian channels to detect potential breakouts and breakdowns.
- Includes alerts for:
- Moving average crosses (bullish/bearish)
- Local maxima/minima in cumulative momentum
- Donchian upper/lower channel breakouts
- Customizable inputs: smoothing length, channel lengths, scaling factor, and visibility toggles.

- Visual cues: line colors indicate momentum direction (green = up, red = down).

- Use Case: Quickly spot momentum shifts, trend direction, and breakout opportunities with clear alerts and visual cues.
Pine Script®

면책사항

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