Momentum Histogram
This creates a replica of relative distance from the moving averages, a good way to measure the strength, divergences etc.... short, mid and long term waves.
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List of All my Indicators - www.tradingview.com/p/stocks/?sort=recen...
Uday C Santhakumar
study(title = "Momentum Histogram", shorttitle="Mom Hist") source=close EMA_1=input(13, title="EMA 1") EMA_2=input(21, title="EMA 2") EMA_3=input(34, title="EMA 3") hist1 = (ema(close,EMA_1)*close)-(ema(close,EMA_2)*close) hist2 = (ema(close,EMA_2)*close)-(ema(close,EMA_3)*close) Wave1=(hist1) Wave2=(hist2) plot(Wave2, style=histogram, color=red, linewidth=4) plot(Wave1, style=histogram, color=#0066cc, linewidth=4)