OPEN-SOURCE SCRIPT
Atualizado

Basic Polychromatic Momentum Indicator

2 594
Basic Polychromatic Momentum Indicator with alerts
PMI involves taking the difference between the current price and the price n periods ago, and then subtracting from it the difference between the current price and the price n periods ago, divided by n. This gives a smoothed version of the momentum indicator.
The user can also specify a smoothing factor using the "smoothing" input, which applies a simple moving average to the PMI. The resulting smoothed PMI is plotted on the chart in blue, with a dotted gray line at the zero level.
Notas de Lançamento
name change
Notas de Lançamento
in this version I have added a graphic representation that indicates better visual momentum direction.

Aviso legal

As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.