OPEN-SOURCE SCRIPT

Median Momentum with Buy/Sell Signals and Bar Color

Momentum Calculation:
Momentum is calculated as the difference between the current close price and the close price momentum_length periods ago: momentum = close - close[momentum_length].

Highest and Lowest Momentum:

The highest and lowest momentum values over the specified length are calculated.

Median Momentum:

The median momentum is calculated as the average of the highest and lowest momentum values.

Color Setting:
medianColor is set based on whether the momentum is above, below, or equal to the median momentum.
barColor is set similarly for bar coloring.

Plotting:
The script plots the median momentum and the actual momentum values.
Buy and sell signals are generated when momentum crosses over or under the median momentum.
The script also plots the buy and sell signals with arrows on the chart.
Momentum Indicator (MOM)

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?

免责声明