OPEN-SOURCE SCRIPT
Price Momentum Oscillator
This script implements a custom momentum oscillator.
It calculates the z-score of the price relative to its 1-year moving average and then measures the deviation of this z-score from its own 200-day moving average.
Enjoy
It calculates the z-score of the price relative to its 1-year moving average and then measures the deviation of this z-score from its own 200-day moving average.
Enjoy
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.