OPEN-SOURCE SCRIPT
上涨动能
This indicator calculates and visualizes the difference between the 20-period EMA and the 120-period EMA, helping traders identify medium-term momentum shifts in price action.
What It Does:
✅ Calculates the difference: Diff=EMA20 − EMA120
✅ Plots a line representing this difference for clear trend tracking.
✅ Plots a histogram (colored bars): Green bars indicate the EMA20 is above EMA120, suggesting bullish momentum. Red bars indicate the EMA20 is below EMA120, suggesting bearish momentum.
✅ Includes a zero baseline for easy reference: When the value crosses above zero, it indicates a potential bullish shift. When it crosses below zero, it indicates a potential bearish shift.
How to Use:
✅Use this indicator to visualize trend momentum in your crypto, forex, or stock trading.
✅Combine with your entry/exit signals (e.g., RSI, volume spikes, price action levels) to refine your strategy.
✅A rising Diff suggests strengthening bullish momentum, while a falling Diff suggests strengthening bearish momentum.
Why It’s Useful:
✅ Filters noise by using EMA smoothing on both short and long periods.
✅ Helps identify momentum shifts early without being overly sensitive to short-term volatility.
✅ Easy to integrate into trend-following or pullback strategies.
What It Does:
✅ Calculates the difference: Diff=EMA20 − EMA120
✅ Plots a line representing this difference for clear trend tracking.
✅ Plots a histogram (colored bars): Green bars indicate the EMA20 is above EMA120, suggesting bullish momentum. Red bars indicate the EMA20 is below EMA120, suggesting bearish momentum.
✅ Includes a zero baseline for easy reference: When the value crosses above zero, it indicates a potential bullish shift. When it crosses below zero, it indicates a potential bearish shift.
How to Use:
✅Use this indicator to visualize trend momentum in your crypto, forex, or stock trading.
✅Combine with your entry/exit signals (e.g., RSI, volume spikes, price action levels) to refine your strategy.
✅A rising Diff suggests strengthening bullish momentum, while a falling Diff suggests strengthening bearish momentum.
Why It’s Useful:
✅ Filters noise by using EMA smoothing on both short and long periods.
✅ Helps identify momentum shifts early without being overly sensitive to short-term volatility.
✅ Easy to integrate into trend-following or pullback strategies.
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.
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.