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Momentum Status Tracker by VKK

866
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.
Nota Keluaran
Updated script by adding number of bars momentum is bullish / bearish. Option to change the text of the table on a lighter background.
Nota Keluaran
Remove the clutter of the chart.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.