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[RSM] Relative Strength Momentum v1.0 [pvt]

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This indicator was designed to compare relative price momentum across multiple related/unrelated symbols, maximum of 6.
Each symbol's momentum/trend is determined by price movement and custom weighted moving averages.

You can use this indicator to determine changing trends by looking at correlated leading symbols.

Description of Input Parameters:
Dark theme: Turn on this checkbox if you are using the dark theme in Tradingview.
MA Type: Default is preferred, but allows you to choose different Moving Averages to determine momentum.
MA Period: Ideal period is 200 for a Chart TF of 15 minutes to 1 Hour for most symbols I've tested. (US/Euro Indexes CFD and Futures)

Symbol 1-6: Enter a valid Symbol in Tradingview otherwise indicator will return an error.
Display Symbol1-6: Checkbox to turn on/off corresponding symbol's plot.


Access to Script:
Please contact me privately on Tradingview, user id: a.tesla2018
Alternatively, use the links below for method of payment/access to this indicator.
Nota Keluaran
-Release v1.1
  • updated logic to better display Symbol Key

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.