Adaptive Momentum

Adaptive momentum indicator that uses the NEW Dynamic Length Arguments! Shows how to use volatility to shorten or lengthen the momentum period.
Based on pinescript blog example but with my own modifications.

Bright Green: Sharp movement above zero line
Bright Red: Sharp movement below zero line
Light Green: Slower movement above zero line
Light Red: Slower movement below zero line.
Yellow: Reversal might occur (near the zero line either side).

Thumb rule: Below zero line - SELL. Above zero line - BUY

Nota Keluaran

Description update.

Nota Keluaran

Added optional EMA smoothing.

Skrip sumber terbuka

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.

For quick access on a chart, add this script to your favorites — learn more here.

dman103

Appreciation of my work: paypal.me/dman103
All Premium indicators: algo.win
LIVE Stream - Pivot Points Algo: youtube.com/channel/UCFyqab-i0xb2jf-c18ufH0A/live

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Penafian

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