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Momentum Rotation Indicator [CC]

I have developed this custom indicator very loosely based on the Sector Rotation Model (Giorgos E. Siligardos. Technical Analysis of Stocks & Commodities , August 2012) and I called it the MRI because this is essentially a brain scan of any particular stock. This will not only tell you when a stock is breaking out over the market at large but also how the stock is doing compared to its own history. Buy when the line turns green and sell when the line turns red.

Let me know if there are any other indicators you would like to see me publish!
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

It combines both sets of data into one average line?
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cheatcountry GarySethi19
@GarySethi19, basically yes
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Also is there anyway to smooth out the trend, and remove false signals?
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@josh189, You could add an ema or other moving average as a signal line for the indicator but then you sacrifice the quick timing of course
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Any chance you have a strategy version of this. I would like to back test this with some other indicators
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@josh189, I will be adding strategy versions of my indicators very soon
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can u work on gann square of 9
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cheatcountry ashishpurohit
@ashishpurohit, I looked into this one but I'm pretty sure pinescript wouldn't be able to run it
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Hi long time.
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@Jittra, It has been awhile since I have posted but I hope to get more frequent. Let me know your thoughts
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