OPEN-SOURCE SCRIPT
Aktualisiert

Momentum Status Tracker by VKK

865
Script Coder: Vivek K.

Disclaimer: Use this indicator at your own risk. Do proper back testing to make sure it works for you. I am not responsible for any losses you may have. Indicator may give false signals during consolidation state. Make sure to use other indicators for correct momentum or directional confirmations.

Bullish: Price is above the 5, 13, 20 EMAs AND the VWAP.

Bearish: Price is below the 5, 13, 20 EMAs AND the VWAP.

Cautious: This triggers when the "stack" is broken. For example, if you are in a clear uptrend but the price closes below the 5 EMA, the table will flip to Cautious to warn you of a potential slowdown.

Neutral: Used as a fallback if the price is chopping directly inside the EMA cluster.
Versionshinweise
Updated script by adding number of bars momentum is bullish / bearish. Option to change the text of the table on a lighter background.
Versionshinweise
Remove the clutter of the chart.

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