PROTECTED SOURCE SCRIPT
SG Momentum
Hello All,
I have made a momentum indicator based on the distance from exponential moving average. This captures both buy and sell cycles effectively. The logic is to calculate the distance of closing price from an exponential moving average ( I use 13 period - You are free to choose any other period) - this is the dim grey line which you can toggle off too. Then I smoothen this by calculating a 9-period EMA of the same (the green line). I further slow it down by another 9-period EMA of the same ( the red line). Now when the green lines crosses the red line from below 0 it signifies a new bull cycle and vice versa for bear cycle. This works across all timeframes. I have marked few signals in the below chart for your reference.
I have made a momentum indicator based on the distance from exponential moving average. This captures both buy and sell cycles effectively. The logic is to calculate the distance of closing price from an exponential moving average ( I use 13 period - You are free to choose any other period) - this is the dim grey line which you can toggle off too. Then I smoothen this by calculating a 9-period EMA of the same (the green line). I further slow it down by another 9-period EMA of the same ( the red line). Now when the green lines crosses the red line from below 0 it signifies a new bull cycle and vice versa for bear cycle. This works across all timeframes. I have marked few signals in the below chart for your reference.
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受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。