OPEN-SOURCE SCRIPT
Updated WMA(10) Momentum Indicator
shows wma momentum. work in progress. Attempts to capture mementum changes and confirm current trend direction. i will be expanding on this.
Release Notes
Updated! Shows the momentum direction based on dual wma's offset by 1 along with an idea of momentum strength with a histogram. Use at your own risk haha. Happy Trading!Release Notes
Updated now to include many MA types; SMA,
EMA,
WMA,
RMA,
LSMA,
ALMA,
DEMA,
TEMA,
& HMA.
Has a momentum peak and trough detector built in now to point out the high and low spots.
Also added the following alerts;
🔔 Momentum turns positive (crosses above zero)
🔔 Momentum turns negative (crosses below zero)
🔔 Momentum increases upward
🔔 Momentum decreases downward
Release Notes
just updating nameOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.