Range-Filtered Momentum [Indicatr]Range-Filtered Momentum mutes momentum crossovers during sideways phases and makes price-based momentum comparable across markets by normalising it with ATR. Bullish and bearish crosses are only marked while the market is trending.
WHAT IT DOES
Momentum indicators such as MACD produce many crossovers in ranges, and their values are not comparable between instruments (a MACD of 50 on BTC means something different than on EURUSD). This script filters out range phases and offers an ATR normalis
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