OPEN-SOURCE SCRIPT
Atualizado Munich's Momentum Wave V2
MUNICH'S MOMENTUM WAVE VERSION 2 IS LIVE!!!
There are a few big things to note with this one.
I decided to upload this as an entirely new script due to the number of changes differing from the first version, but as the last one, this will still work on ANY TIMEFRAME, ANY ASSET CLASS, ANY PRICE!.
This momentum wave indicator now will give you data for when trend could turn, and two momentum indicators to help you decide when to take an entry.
First off,
*I have added an alma ma (alma) that will track momentum alongside price action and further lead the indicator consisting of the Munich waves.
* The background feature will track the price using a method derived from the Bollinger bands, after calculations, it will color the background based on the average of the momentum's ema's, the alma ma, and also the alma in comparison to the alma's value pre offset ( the offset is 3, following the basis).
*There are now 5 basis values given from the increase in ema samples.
If anyone has any questions feel free to pm me or comment below. Thank you guys for the support! :)
BTCUSD 
NDQ 
SPY 
ETHUSD 
BTCUSDT 
USDJPY 
AAPL
There are a few big things to note with this one.
I decided to upload this as an entirely new script due to the number of changes differing from the first version, but as the last one, this will still work on ANY TIMEFRAME, ANY ASSET CLASS, ANY PRICE!.
This momentum wave indicator now will give you data for when trend could turn, and two momentum indicators to help you decide when to take an entry.
First off,
*I have added an alma ma (alma) that will track momentum alongside price action and further lead the indicator consisting of the Munich waves.
* The background feature will track the price using a method derived from the Bollinger bands, after calculations, it will color the background based on the average of the momentum's ema's, the alma ma, and also the alma in comparison to the alma's value pre offset ( the offset is 3, following the basis).
*There are now 5 basis values given from the increase in ema samples.
If anyone has any questions feel free to pm me or comment below. Thank you guys for the support! :)
BTCUSD NDQ SPY ETHUSD BTCUSDT USDJPY AAPLNotas de Lançamento
Update 1: Updated the alma color print as well as paramaters for conditions, added the grow and fall identifiers to the color scheme. AAPLNotas de Lançamento
Update 2: Changed chart picture. Notas de Lançamento
UPDATE: As requested, the offset function was removed. Notas de Lançamento
UPDATE: ALERTS!!! Added multiple alerts with optional input settings, and also changed a few of the variable names and color arguments. Notas de Lançamento
UPDATE: Added a horizontal line at 0. This line will reflect the colors of the different waves. ALERTS: Two new alerts were added to represent the colors of these horizontal lines and are coded to prevent them from being excessive alerts.
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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Aviso legal
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