Long Short Momentum

3 בנוב׳

This indicator is designed to visualize short-term and long-term momentum trends.The indicator calculates two momentum lines based on customizable lengths: a short momentum (Short Momentum) over a smaller period and a long momentum (Long Momentum) over a longer period. These lines are plotted relative to the chosen price source, typically the closing price.

The histogram, colored dynamically based on momentum direction, gives visual cues:

• Green: Both short and long momentum are positive, indicating an upward trend.
  
• Red: Both are negative, indicating a downward trend.
  
• Gray: Mixed momentum, suggesting potential trend indecision.