🌈 Rainbow Momentum - Multi Timeframe WYCKOFF ARSENAL
The purpose of the Momentum is to provide a measure of the speculative interest in the market.
In Rainbow form, the Momentum could also be used as a trend-following indicator.
The Rainbow Momentum can be used on any available timeframes and assets with volume data .
It is a combination of Momentum ...
WYCKOFF ARSENAL is now available on TradingView!
Based on <> (Richard D. Wyckoff)
Noted Indicators:
▪ Optimism Pessimism Index
▪ Force Index
▪ Technometer
▪ Momentum ◄
Main Features:
▪ Multi Timeframe is available
▪ Volume based indicators
▪ Can be used on pairs that have volume data
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Highlights
> Optimism Pessimism Index or...
![BTCUSDT: Rainbow Momentum - Multi Timeframe [WYCKOFF ARSENAL]](https://s3.tradingview.com/x/XGVnD9k9_mid.png "Rainbow Momentum - Multi Timeframe [WYCKOFF ARSENAL]")
![BTCUSD: Momentum - Multi Timeframe [WYCKOFF ARSENAL]](https://s3.tradingview.com/m/mJ4C8AX3_mid.png "Momentum - Multi Timeframe [WYCKOFF ARSENAL]")