OPEN-SOURCE SCRIPT

Momentum Sentiment Indicator by mattzab

6 863
This indicator uses 3 moving averages and includes volume to display sentiment and momentum.

By default, a 5, 8, and 13 SMA is displayed (black lines).

The colored bands are the corresponding volume weighted moving averages.

When the colored band is above the black line, sentiment is bullish.

Think of the color as being a show of volume, and the black lines as support and resistance.

When the lines are trending up, and colors are above the black lines, an uptrend is in progress.

When the colors are mixed above and below, and the lines are intertwined, it is a ranging market.

The lines operate similar to the Williams Alligator.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.