PROTECTED SOURCE SCRIPT
Special Momentum Oscillator
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! :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.