Momentum Trend IndexMomentum Trend Index (MTI), is a Trend Filtering system that utilizes momentum via RSI in a special unique way which not many people have done to date within Tradingviews platform and even outside it.
Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes.
Use your favourite RSI or Moving Average settings (4,9,13,21,31,50,100,200,etc)
Included in the indicator is an option to plot the Over Sold and Over Bought levels directly to your chart!
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Ultimate Momentum Indicator [CC]This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider (Stocks and Commodities Feb 2021 pg 22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator so you can better identify peaks and valleys. I have included strong buy and signals in addition to normal ones so darker colors are the strong buy and sell signals and lighter colors are the normal ones. I would recommend to buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!
Dynamic Momentum Oscillator (DYNAMO) by M.YALCINIn July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation.
The Dynamo oscillator is a normalizing function that adjusts the values of a standard oscillator for trendiness by taking the difference between the value of the oscillator and a moving average of the oscillator and then subtracting that value from the oscillator midpoint.
Dynamo Oscillator is calculated according to:
Dynamo = Mc - ( MAo - O )
where:
Mc = the midpoint of the oscillator
MAo = a moving average of the oscillator
O = the oscillator
Usage:
This concept can be applied to most oscillators to improve their results.
This example applies it to an RSI oscillator in MetaStock:
50-(Mov(RSI(14),21,S)-RSI(14))
where:
Mc = RSI's midpoint = 50
MAo = Moving average of the RSI = Mov(RSI(14),21,S
O= RSI Oscillator = RSI(14)
Also with this indicator, you can adjust the moving average type and RSI calculation types dynamically.
Momentum DirectionMomentum trading is a technique in which traders buy and sell according to the strength of recent price trends. ... Momentum traders bet that an asset price that is moving strongly in a given direction will continue to move in that direction until the trend loses strength
How to use :
This indicator gives you the exact entry and exit reading the moving average and direction into the oscillator aqua positive orange negative buy or sell signals and divergence plus pivots to overview potential reversals
Perfect Entry Timing
The best momentum trades come when a news shock hits, triggering rapid movement from one price level to another. In turn, this sets off buying or selling signals for observant players who jump in and are rewarded with instant profits. Another batch of momentum capital enters as the trade evolves, generating counter swings that shake out weak hands. The hot money population finally hits an extreme, triggering volatile whipsaws and major reversals.
Momentum SkiiesMomentum Oscillator derived from RSI.
Indicator concept for now have simple visualization of momentum slopes and decay,experimental divergences, horizontal bands for overbought/oversold conditions.
By leaving/touching horizontal band or stimulated by divergence, oscillator show enough generated momentum to help capture multiple moves in a row.
Will be updated
Price Momentum MACD Signal Multiple Timeframes Momentum Indicator with MACD Signal & Base Line
MACD Histogram Indicator is good , but what if you can use momentum as improving it ?
Well Using Price Momentum and the MaCD we can achieve a better action price strategy.
Based upon @LazyBear and @ChrisMoody indcators respectively.
Stochastic RSI Momentum TranformThis is my version of Stochastic RSI, but not the stochastic RSI alone, hell no, it's a lagging indicator, I don't like lagging indicators.
This is a leading indicator that has momentum calculations in it and not only that, it has a momentum shifting calculation based on modified ehler's transformation !
Simple for user, a hell to program !
Price and how to get access to ? contact me in PM !
Up/Down Range Momentum MTFSo using the script of
and adding non repainting MTF function to it we create this momentum model
You can enter either at cross of blue line or at cross of 0 and vice versa at red line.
since it has MTF function you can look it on different time frames just set int 2 to the TF of your desire
Trader Set - Volume MomentumThis is a Momentum indicator but on "Volume" The formula is heavily tweaked version of TSI with chance of using different averaging types, the period numbers are fixed and user don't need to type anything for them!
Please don't contact me for getting access, these tools are available for my students only. These are part of my "methodology" that I teach. The English version of the website and learning material is under development and I will announce it under each related script when they are ready so that those who are interested can participate in the course.
Trader Set - Ergodic MomentumThis is a price momentum indicator that is based on Ergodic formula (TSI), but the formula is tweaked and different types of averaging is allowed. by changing the type of average calculation and some predefined values (totally different from what is suggested by now) we get a nasty indicator that can easily be used both for cycle observation side by side with momentum of the price itself !
Please don't contact me for getting access, these tools are available for my students only. These are part of my "methodology" that I teach. The English version of the website and learning material is under development and I will announce it under each related script when they are ready so that those who are interested can participate in the course.
[RESEARCH] MomentumHello traders and developers!
I compared different techniques to get momentum of the series.
The 4 samples are:
1) Raw difference between price and price some bars ago
2) Built-in "change" function
3) Built-in "mom" function
4) Jedi's momentum - difference between current and previous SMA multiplied by it's period
All results are identical.
So, we have two built-in functions that do the same thing: "change" and "mom". For brevity it is better to use "mom" when you need to get momentum of the series.
Good luck!
Trader Set - Volatility MomentumThis another one of the tools I missed publishing till today, this is a momentum indicator of volatility index (original formula), it will work hand in hand with volatility index oscillator (will publish right after this one) to easily identify divergences just before the market's direction change !
Ehlers Smoothed Adaptive MomentumEhlers Smoothed Adaptive Momentum script.
This indicator was developed and described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures" (2004, Chapter 12: Adapting to the Trend).
Momentum A&G Traders v2.0
momentum indicator v2.0
-rsi
-stoch
-momentum
Changes 2.0: the periods were modified to avoid false entries, in addition to the emas visualized in areas and instragrams for a quick visualization and decision making.
from the momentum up purchases, down sales - always look for the trend. Find centered bars to the area for an operation exi
Dynamic Momentum Index (DMI) Strategy This indicator plots Dynamic Momentum Index indicator. The Dynamic Momentum
Index (DMI) was developed by Tushar Chande and Stanley Kroll. The indicator
is covered in detail in their book The New Technical Trader.
The DMI is identical to Welles Wilder`s Relative Strength Index except the
number of periods is variable rather than fixed. The variability of the time
periods used in the DMI is controlled by the recent volatility of prices.
The more volatile the prices, the more sensitive the DMI is to price changes.
In other words, the DMI will use more time periods during quiet markets, and
less during active markets. The maximum time periods the DMI can reach is 30
and the minimum is 3. This calculation method is similar to the Variable
Moving Average, also developed by Tushar Chande.
The advantage of using a variable length time period when calculating the RSI
is that it overcomes the negative effects of smoothing, which often obscure short-term moves.
The volatility index used in controlling the time periods in the DMI is based
on a calculation using a five period standard deviation and a ten period average
of the standard deviation.
WARNING:
- This script to change bars colors.
DepthHouse Relative Momentum Range OscillatorDepthHouse Relative Momentum Range Oscillator uses several calculations between the relative momentum and range to help determine trend direction and strength.
Breakouts above the adjustable horizontal zone often serve as a bullish confirmation, while breakout below the horizontal zone often serve as a bearish confirmation.
Crosses of gold and yellow signal line represent trend consolidation and/or possible reversal zones.
How to get:
As you can see this is an invite only script. In the coming month this indicator, along with many others will become pay to use only. (website on my profile page)
However all my indicators will be FREE until May 1, 2018 . So please try them out!
To take advantage of this FREE trial :
1. Leave comment on this indicator post! Maybe even give me a follow :D
2. Check out and take advantage of all my other indicators!
I hope you all enjoy!
Notes:
Signals Beta:
Both functions give possible buy and sell signals shown by the circles in the middle. The strength of the signal is shown by the circle size. The larger the circle, the stronger the signal.
This feature is in beta testing is not advised to trade off of.
Altering the Multi-Factor will adjust the dotted signals at the bottom.
This is a heavily modified version of my DepthHouse Envelope Oscillator
Relative Momentum IndexRelative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).
RMI with momentum period of 1 will be equal to an RSI when they have the same period and source price.
Stochastic Momentum IndexStochastic Momentum Index indicator script. This indicator was originally developed by William Blau (Stocks & Commodities V. 11:1 (11-18)).
Intraday Momentum IndexIntraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.
Up/Down Range MomentumThe Up/Down Range breaks the price range into an upward and a downward moving component, so we can easily turn it into a momentum oscillator. This script does just that.
You can find the Up/Down Range (UDR) indicator here:
Kovach MomentumThe Kovach Momentum indicator averages instantaneous momentum, while employing advanced signal processing algorithms to minimize lag and filter the effects of volatility. Consider using it with the Kovach Chande indicator and Kovach OBV indicator.
Momentum DivergenzeMomentum indicator compared with price movement. The price's highest and lowest are market on Momentum with cross so you can easly see if they are going on the same direction. A thick red or green line on Mom indicate when divergence start. The Moment's peak out of Boilinger bands are showed by orange and green circles . Background bands when there is a top or bottom price with the Momentum not following the price.
Stochastic Momentum IndexThis is an implementation of the Stochastic Momentum Index from William Blau's his article in Stocks & Commodities .
This also allows the use of various different kinds of moving averages for the signal line. Options for this argument are:
sma (simple moving average)
ema (exponential moving average)
wma (weighted moving average)
trima (triangular moving average)
zlema (zero-lag exponential moving average)
dema (double exponential moving average)
tema (triple exponential moving average)
hma (hull moving average)
