OPEN-SOURCE SCRIPT

Fast and Slow Trend-Line Momentum [Loxx]

8 593
Fast and Slow Trend-Line Momentum [Loxx] is a momentum indicator using FATL, SATL, RFTL, & RSTL Digital Filters

What is FTLM-STLM?
Fast Trend Line Momentum (FTLM) and Slow Trend Line Momentum (SLTM) indicators show the rate of price change, FATL and SATL are calculated the similar way as Momentum indicator.
FTLM(bar) = FATL(bar) – RFTL(bar)
STLM(bar) = SATL(bar) – RSTL(bar)

The main difference FTLM from the classic Momentum indicator is the following: it source prices processed by digital filters instead of close prices itself. As a result, FTLM looks smoothed and regular, in contrast with classic Momentum technical indicators.

Included:
-Bar coloring



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。