Adaptive Momentum

1 באוק׳ 2020

Adaptive momentum indicator that uses the NEW Dynamic Length Arguments! Shows how to use volatility to shorten or lengthen the momentum period.
Based on pinescript blog example but with my own modifications.

Bright Green: Sharp movement above zero line
Bright Red: Sharp movement below zero line
Light Green: Slower movement above zero line
Light Red: Slower movement below zero line.
Yellow: Reversal might occur (near the zero line either side).

Thumb rule: Below zero line - SELL. Above zero line - BUY

2 באוק׳ 2020

הערות שחרור

Description update.

7 באוק׳ 2020

הערות שחרור

Added optional EMA smoothing.