PROTECTED SOURCE SCRIPT

Special Momentum Oscillator

2 239

This is my proprietary momentum oscillator indicator.
It is an indicator that seeks to track the momentum of price actions.

When the oscillator is above zero, it is interpreted to reflect upwards price momentum.
Likewise, when the oscillator is below zero, it reflects downwards price momentum.

Additionally, there are overbought and oversold zones at 10 and -10 respectively.
When price action reaches these extremes, there is a likely tendency for a reversal.
The slope of the indicator can also be used to identify the general price trend.


The indicator has customizable alerts, and you can also set it to show buy/sell signals.
Please try it out and let me know what you think! :)

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.