OPEN-SOURCE SCRIPT
RSI/MACD Momentum Scalper Table
The RSI/MACD Momentum Scalper Table is a powerful technical analysis tool that evaluates market momentum across multiple timeframes using the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). It displays a table with different timeframes, allowing traders to quickly assess trend strength and direction.
Why This Indicator is Unique
- Multi-Timeframe Analysis: Unlike traditional RSI/MACD indicators that only apply to a single timeframe, this indicator tracks trends across five customizable timeframes.
- Dynamic Color-Coding: The table updates in real-time, showing green for bullish momentum, red for bearish, and gray for neutral conditions.
- Customizable Moving Averages: Users can choose between EMA, DEMA, and HMA, providing flexibility in trend detection.
- Adjustable Positioning: The table can be placed in any corner of the chart using the **position input setting**.
Why This Indicator is Useful
- Quick Market Overview: Instantly see whether multiple timeframes align for a strong trend.
- Scalping & Swing Trading Support: Helps scalpers and swing traders identify optimal entry and exit points.
- Versatility: Can be applied to stocks, forex, crypto, and other financial instruments.
How to Use It
1. Set Timeframes: Choose up to five timeframes to monitor momentum.
2. Customize Trend Settings: Adjust RSI length, MACD settings, and moving average type.
3. Interpret the Table:
- Green cells indicate a bullish trend.
- Red cells indicate a bearish trend.
- Gray cells suggest neutral momentum.
4. Adjust Table Position: Move the table to a preferred location using the Table position input.
This indicator is ideal for traders who need a **quick and efficient** way to track market momentum across different timeframes. 🚀
Why This Indicator is Unique
- Multi-Timeframe Analysis: Unlike traditional RSI/MACD indicators that only apply to a single timeframe, this indicator tracks trends across five customizable timeframes.
- Dynamic Color-Coding: The table updates in real-time, showing green for bullish momentum, red for bearish, and gray for neutral conditions.
- Customizable Moving Averages: Users can choose between EMA, DEMA, and HMA, providing flexibility in trend detection.
- Adjustable Positioning: The table can be placed in any corner of the chart using the **position input setting**.
Why This Indicator is Useful
- Quick Market Overview: Instantly see whether multiple timeframes align for a strong trend.
- Scalping & Swing Trading Support: Helps scalpers and swing traders identify optimal entry and exit points.
- Versatility: Can be applied to stocks, forex, crypto, and other financial instruments.
How to Use It
1. Set Timeframes: Choose up to five timeframes to monitor momentum.
2. Customize Trend Settings: Adjust RSI length, MACD settings, and moving average type.
3. Interpret the Table:
- Green cells indicate a bullish trend.
- Red cells indicate a bearish trend.
- Gray cells suggest neutral momentum.
4. Adjust Table Position: Move the table to a preferred location using the Table position input.
This indicator is ideal for traders who need a **quick and efficient** way to track market momentum across different timeframes. 🚀
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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