OPEN-SOURCE SCRIPT

True Range Adjusted Exponential Momentum [CC]-[burgered]

Original Script by CheatCountry, used with permission (chill guy):
tradingview.com/v/pOc6pmT3/

I have made a sort of conversion of CheatCountries implementation of the True Range Adjusted Exponential Moving Average into a momentum oscillator.
Being True Range based, it the bounds vary based on the chart.

Includes a Bollinger Band for bounds that forms a trend follower based on the 0 point.

Includes CheatCountry color code signals, different color scheme. Bright colors are strong signals, ark are weak, green bull, red bear, the basics.

This oscillator can be used for divergences, trends, signal strength, confirmation, volatility readings, you name it.

Works well on smoothed/filtered signals as well.

Give CheatCountry a follow, hes one of the MVPs of Tradingview Pinescripters, constantly giving us access to novel new concepts as they are published by professionals.

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