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Prometheus' Momentum SMA

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This is a price momentum indicator that calculates the change in price momentum over time with a simple moving average to use as a potential profit taking mechanism.

The lookback period is for calculating the momentum plot on the chart. It measures the closing price between the current candle and the candle X periods ago. (orange line)

The indicator also has a simple moving average of the momentum plotted on the chart. (gray line with background fill)

Future versions will include multitimeframe signals and alertconditions.

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.