OPEN-SOURCE SCRIPT
Simplified Momentum Score
Indicator Name: Simplified Momentum Score
Description:
The Simplified Momentum Score indicator calculates the normalized price momentum of an asset over a user-defined period (e.g., 30 days). It provides a single actionable score between 0 and 1, making it easy to compare the relative strength of different tokens or assets:
1: Strongest momentum (best performer).
0: Weakest momentum (worst performer).
How to Use:
Apply this indicator to any chart in TradingView.
Use the normalized score to rank tokens or assets:
Closer to 1: Indicates strong recent price performance.
Closer to 0: Indicates weak recent price performance.
Customize the momentum period to match your trading strategy.
This tool is ideal for quick comparative analysis of multiple tokens to identify top-performing assets. Keep it simple, actionable, and effective! 🚀
Description:
The Simplified Momentum Score indicator calculates the normalized price momentum of an asset over a user-defined period (e.g., 30 days). It provides a single actionable score between 0 and 1, making it easy to compare the relative strength of different tokens or assets:
1: Strongest momentum (best performer).
0: Weakest momentum (worst performer).
How to Use:
Apply this indicator to any chart in TradingView.
Use the normalized score to rank tokens or assets:
Closer to 1: Indicates strong recent price performance.
Closer to 0: Indicates weak recent price performance.
Customize the momentum period to match your trading strategy.
This tool is ideal for quick comparative analysis of multiple tokens to identify top-performing assets. Keep it simple, actionable, and effective! 🚀
オープンソーススクリプト
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.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
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.
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。