OPEN-SOURCE SCRIPT

Momentum Sentiment Indicator by mattzab

6 536
This indicator uses 3 moving averages and includes volume to display sentiment and momentum.

By default, a 5, 8, and 13 SMA is displayed (black lines).

The colored bands are the corresponding volume weighted moving averages.

When the colored band is above the black line, sentiment is bullish.

Think of the color as being a show of volume, and the black lines as support and resistance.

When the lines are trending up, and colors are above the black lines, an uptrend is in progress.

When the colors are mixed above and below, and the lines are intertwined, it is a ranging market.

The lines operate similar to the Williams Alligator.

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.