Momentum Tick Based IndicatorCustom Indicator using tick data to display momentum. (The arrows are the channel breakout arrows that you can find in default scripts.)
Indicateur de Momentum (MOM)
YK Dynamic MomentumThis indicator can be useful for analyzing trends and for effective entry and exit points.
The buy entry point is above 0 and the blue line. The buy exit point is below the blue line.
The sell entry point is below 0 and the blue line. The sell exit point is above the blue line.
Don't need any settings. Custom alerts are available.
Up/Down Range MomentumThe Up/Down Range breaks the price range into an upward and a downward moving component, so we can easily turn it into a momentum oscillator. This script does just that.
You can find the Up/Down Range (UDR) indicator here:
Up/Down RangeMeasuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR.
However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction.
In fact, I turned it into a momentum indicator here:
Kovach ChandeThe Kovach Chande indicator measures instantaneous buying pressure. It features advanced signal processing algorithms to minimize lag and filter the effects of volatility. Consider using it with the Kovach OBV indicator and Kovach Momentum indicator. When used with the Kovach OBV, divergences may be used to isolate entry points.
Kovach MomentumThe Kovach Momentum indicator averages instantaneous momentum, while employing advanced signal processing algorithms to minimize lag and filter the effects of volatility. Consider using it with the Kovach Chande indicator and Kovach OBV indicator.
Kovach OBVThe Kovach OBV measures sustained buying pressure. It features advanced signal processing algorithms to minimize lag and filter the effects of volatility. Consider using it with the Kovach Chande indicator and Kovach Momentum indicator.
CMO & WMA Strategy This indicator plots Chande Momentum Oscillator and its WMA on the
same chart. This indicator plots the absolute value of CMO.
The CMO is closely related to, yet unique from, other momentum oriented
indicators such as Relative Strength Index, Stochastic, Rate-of-Change,
etc. It is most closely related to Welles Wilder?s RSI, yet it differs
in several ways:
- It uses data for both up days and down days in the numerator, thereby
directly measuring momentum;
- The calculations are applied on unsmoothed data. Therefore, short-term
extreme movements in price are not hidden. Once calculated, smoothing
can be applied to the CMO, if desired;
- The scale is bounded between +100 and -100, thereby allowing you to clearly
see changes in net momentum using the 0 level. The bounded scale also allows
you to conveniently compare values across different securities.
CMO (Chande Momentum Oscillator) Strategy This indicator plots Chande Momentum Oscillator. This indicator was
developed by Tushar Chande. A scientist, an inventor, and a respected
trading system developer, Mr. Chande developed the CMO to capture what
he calls "pure momentum". For more definitive information on the CMO and
other indicators we recommend the book The New Technical Trader by Tushar
Chande and Stanley Kroll.
The CMO is closely related to, yet unique from, other momentum oriented
indicators such as Relative Strength Index, Stochastic, Rate-of-Change,
etc. It is most closely related to Welles Wilder`s RSI, yet it differs
in several ways:
- It uses data for both up days and down days in the numerator, thereby
directly measuring momentum;
- The calculations are applied on unsmoothed data. Therefore, short-term
extreme movements in price are not hidden. Once calculated, smoothing
can be applied to the CMO, if desired;
- The scale is bounded between +100 and -100, thereby allowing you to
clearly see changes in net momentum using the 0 level. The bounded scale
also allows you to conveniently compare values across different securities.
SMA slopeSlope function for SMA in degrees. This slope function you can use or modify for your own strategies. Feel free to change source to calculate the slope of another indicator. In this case you can see that the indicator is above the zero line indicating a positive momentum.
Gain Over LossSelf adjusting gain over loss indicator. Shows price movement and momentum. If you want to reach to the parameters you can use the old version.
Angular MomentumEXPERIMENTAL:
Returns a smoothed non lagging(peaks are convergent time wise) angular motion.
Modified Moving AverageUsed for the same reasons as the typical moving average. The first point is equal to the SMA, but it uses a recursive approach to calculate all subsequent data points.
Ro Hidden Volatility V2.0Works only on Forex pairs. See the inside bar volatility. Use precision to get data from lower time frames. Be aware that script initialization will be slower with the precision going higher. Added an option to show average volatility for long term as forex market transactions grow rapidly, suppressing all other markets.
Ro Hidden VolatilityWorks only on Forex pairs. See the inside bar volatility. Use precision to get data from lower time frames. Be aware that script initialization will be slower with the precision going higher.
Stefan Krecher: Jeddingen Divergence v2This is an update to my script:
Stefan-Krecher-Jeddingen-Divergence/
The behaviour is exactly the same, I just added the option to create alerts based on this indicator
Momentum Linear RegressionThe original script was posted on ProRealCode by user Nicolas.
This is an indicator made of the linear regression applied to the rate of change of price (or momentum). I made a simple signal line just by duplicating the first one within a period decay in the past, to make those 2 lines cross. You can add more periods decay to made signal smoother with less false entry.
B3 Awesome Oscillator IIThe Awesome Oscillator is a simple average of the HL2 mean done at length 5 and 34 and taking the difference of the two. The Elliot Wave Oscillator is similar to this as well. What I have done is make my own version AO-II for my tastes. I use DTI a bunch and when range contracts and trends aren't solid, a more responsive indicator is needed, and that is where AO-II comes in. Then in some chop or even in a slow rolling trend, they both suffer as you can see in the middle of the chart above. But in general, AO-II is the jitterier little cousin.
In this modification of a standard, I have added a (code-protected) derivative to the mix that will help bring the oscillator back to zero more often than its momentum measuring counterparts. The offset is set to 1 by default meaning it will not change in the current bar as it moves along. This also makes all the crosses appear late in history, but you will notice that the signal crossings are all still fairly lag free.
Much like in DTI, in AO-II you should note the slope and relation to zero. Divergences can be seen in AO-II, and depending on the action it can be wrong, so careful there. I think the idea behind most momentum indicators is to look for entry on overages in direction that might be looking to correct or reverse. Then once in the trade going the correct way with your indicator you stay the course till indicator tells you to exit.
B3 Directional Trend IndexB3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse when it reaches mean, only to turn back around. You can see this in March and April of this silver futures daily chart. Makes for a great instrument on anything you consider trendy, like crude oil for example. The default user inputs are set to my liking, as I find them to be great on all charts and resolutions. You may read around to find more about this on the internet, or its mentioned in Krausz's work. Also, imprtant to remember when no trend, trend finders like this sufffer, so be wise as to what market condition you are in. Rangy and within Range = no, On the Move = yes.
Stochastic Momentum IndexThis is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities .
This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema (zero-lag exponential moving average)
dema (double exponential moving average)
tema (triple exponential moving average)
hma (hull moving average)
