OPEN-SOURCE SCRIPT
Simplified Momentum Score
Indicator Name: Simplified Momentum Score
Description:
The Simplified Momentum Score indicator calculates the normalized price momentum of an asset over a user-defined period (e.g., 30 days). It provides a single actionable score between 0 and 1, making it easy to compare the relative strength of different tokens or assets:
1: Strongest momentum (best performer).
0: Weakest momentum (worst performer).
How to Use:
Apply this indicator to any chart in TradingView.
Use the normalized score to rank tokens or assets:
Closer to 1: Indicates strong recent price performance.
Closer to 0: Indicates weak recent price performance.
Customize the momentum period to match your trading strategy.
This tool is ideal for quick comparative analysis of multiple tokens to identify top-performing assets. Keep it simple, actionable, and effective! 🚀
Description:
The Simplified Momentum Score indicator calculates the normalized price momentum of an asset over a user-defined period (e.g., 30 days). It provides a single actionable score between 0 and 1, making it easy to compare the relative strength of different tokens or assets:
1: Strongest momentum (best performer).
0: Weakest momentum (worst performer).
How to Use:
Apply this indicator to any chart in TradingView.
Use the normalized score to rank tokens or assets:
Closer to 1: Indicates strong recent price performance.
Closer to 0: Indicates weak recent price performance.
Customize the momentum period to match your trading strategy.
This tool is ideal for quick comparative analysis of multiple tokens to identify top-performing assets. Keep it simple, actionable, and effective! 🚀
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.