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Momentum on EMA oscillator

2 618
This script calculates the momentum on a 2 ema oscillator.
Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account.

Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing.
Seeing such a trap is trivial as you won't buy if the market is slightly bear or flat.

Signals is quite good to detect the begining of a bull/bear market.

Can display some interesting divergence.
Nota Keluaran
Background color rule definition (green/red) has been reviewed to see the trends more easily.
This indicator has a better usage if you use it on several time interval of the same market.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.