dman103

MA MTF Momentum Histogram

dman103 Premium Mis à jour   
My own interpretation indicator which i call multi time frame moving averages momentum with NO LAG EMA support (Optional).
The indicator is calculated by subtracting the long-term EMA from the short-term EMA .

This pretty much resembles the MACD moving averages calculation but without the smoothing of the histogram.

Can also be used to find divergences.

The background shows the main trend with higher time frame which can be set in the settings.
Aimed to use with Higher time frame (Double or more) but can also work with lower time frame.

How to use the indicator?

==Histogram==
Green: Momentum of asset is positive and increasing.
Lighter Green: Momentum of asset is still positive but decreasing and can revert to negative momentum.
Red: Momentum of asset is negative and increasing.
Lighter Red: Momentum of asset is still negative but increasing and revert to positive momentum.

==Background Color - Main Trend==
Green: HTF (Higher time frame) momentum is positive.
RED: HTF momentum is negative.

Feel free to comment and Follow to stay updated with upcoming scripts: https://www.tradingview.com/u/dman103

NOTE: BARS ARE COLORED BY DEFAULT WITH HISTOGRAM COLORS! (Can be changed in settings)
Notes de version:
Added AUTO Higher time frame selection with multiplier or user defined.
Notes de version:
Added different selection of moving averages including HMA, JMA, SMMA, VAMA and more,(Default EMA).
Note: I am considering to make a NEW variation (V2) of this script, Follow me to get notified.
Enjoy :)
Notes de version:
Added Buy/Sell Alerts. BUY alert when histogram crosses over zero line, SELL alert when histogram crosses under zero line.
Upgrade to Pinescript v5 from v4
Optimized code.
Improved settings usability.

Script open-source

Dans le véritable esprit de 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 le règlement. Vous pouvez le mettre en favori pour l'utiliser 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.

Vous voulez utiliser ce script sur un graphique ?