This script calculates the momentum on a 2 ema oscillator. Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account.
Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing. Seeing such a trap is trivial as you won't buy if the market is slightly bear or flat.
Signals is quite good to detect the begining of a bull/bear market.
Can display some interesting divergence.
Notes de version
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Background color rule definition (green/red) has been reviewed to see the trends more easily. This indicator has a better usage if you use it on several time interval of the same market.