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