OPEN-SOURCE SCRIPT
已更新 True Momentum Oscillator - Universal Edition
"TMO calculates momentum using the delta of price. Giving a much better picture of trend, trend reversals and divergence than momentum oscillators using price".
This is an implementation of the popular ToS indicator TMO . It incorporates a few improvements on the original code, which have also been proposed upstream. Please read the opening comment in the code.
How to use this indicator?
You can think of this indicator as a mix of RSI and MACD .
Similarly to RSI , it has overbought and oversold levels.
Similarly to MACD it has a TMO line and a signal line. The histogram shows the difference between those lines and easily lets you spot crossovers.
What does this indicator do?
In its default configuration, it looks at the last 14 candles and determines a score based on whether the current price is higher or lower than those candles. This reacts to breakouts very quickly, especially after a consolidation period.
This is an implementation of the popular ToS indicator TMO . It incorporates a few improvements on the original code, which have also been proposed upstream. Please read the opening comment in the code.
How to use this indicator?
You can think of this indicator as a mix of RSI and MACD .
Similarly to RSI , it has overbought and oversold levels.
Similarly to MACD it has a TMO line and a signal line. The histogram shows the difference between those lines and easily lets you spot crossovers.
What does this indicator do?
In its default configuration, it looks at the last 14 candles and determines a score based on whether the current price is higher or lower than those candles. This reacts to breakouts very quickly, especially after a consolidation period.
版本注释
Removed unnecessary parentheses. 版本注释
Added multi-timeframe support and replaced parameters that are going to be deprecated. Freshened up some default colors.开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。