Wave Momentum

thankyou to the original author of this script Vkn422

Very simple , shows momentum and changes candle colors to match


You only short when negative
you only long when positive

Must have confluence with other forms of analysis like Elliott Wave

This indicator was built with EW in mind and would excel in the hands of those who practice the wave analysis.

Versionshinweise:

Cleaned this up a lot
and made it multi time frame

Still very simple

Blue is bull momentum

Red is bear momentum

If this script has helped you and you want to donate / tip me I would appreciate it :)
Cheers!