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Momentum Timer Pro 2

3 968
Momentum Timer Pro 2 calculates the momentum of the gradient of two exponential moving averages (one faster and one slower) and puts them through a relative strength index to signal momentum.

You may notice a rhythm to this indicator. Because relative strength indexes naturally drag the output signal toward middle of the range and the input of this indicator is the momentum of a gradient (a momentum indicator within a momentum indicator), the signal may imply an overbought or oversold countertrend condition despite an impulsive trend remaining intact.

This is a lagging indicator and I suggest you use it similarly to a regular RSI.

Enjoy!

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.