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Momentum Trend Index
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Momentum Trend Index (MTI), is a Trend Filtering system that utilizes momentum via RSI in a special unique way which not many people have done to date within Tradingviews platform and even outside it.
Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes.
Use your favourite RSI or Moving Average settings (4,9,13,21,31,50,100,200,etc)
Included in the indicator is an option to plot the Over Sold and Over Bought levels directly to your chart!
Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes.
Use your favourite RSI or Moving Average settings (4,9,13,21,31,50,100,200,etc)
Included in the indicator is an option to plot the Over Sold and Over Bought levels directly to your chart!
Notes de version
Added 3 plots for MTI to allow stacking, signal for 2 MTI confluence and 3 MTI confluence.Notes de version
I have added a real time Multi Time Frame plotting system with a Trend Widget to be placed either on the top or bottom of the screen. This update allows you to have 3 higher timeframes to be tracked and plotted! \currently working on optimizing the widget to work better with mobile as it kind of squishes the panels. you can still tell the trend direction based of the colour of the panel but it doesn't show it like it would be on the computer or sideways mobile screen.
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