OPEN-SOURCE SCRIPT
Momentum - Strategy Script
Based on the bult-in momentum script, I took the liberty of updating it, adding two features.
First, I would like to see the momentum oscillator showing percentage values, rather than absolute values. Visually facilitating analysis in long-term graphs.
Second, just for fun*.
I don't know how to explain the reason exactly, but for the strategy bult-in script, I didnt like the formula of "mom1" calculation.
So I changed it for a formula that made the most sense to me.
In any case, the original script remains in the code, optionally disabling the "percent" option and selecting the MOM1 option in the "MOM Choice" field, for the purpose of study and comparisons.
The script below is opened for study and any suggestions will be welcome.
I hope it can help the community.
It's just the beginning.
Study only purpose.
I tried to follow the code conventions found in the link below.
pinecoders.com/coding_conventions/
First, I would like to see the momentum oscillator showing percentage values, rather than absolute values. Visually facilitating analysis in long-term graphs.
Second, just for fun*.
I don't know how to explain the reason exactly, but for the strategy bult-in script, I didnt like the formula of "mom1" calculation.
So I changed it for a formula that made the most sense to me.
In any case, the original script remains in the code, optionally disabling the "percent" option and selecting the MOM1 option in the "MOM Choice" field, for the purpose of study and comparisons.
The script below is opened for study and any suggestions will be welcome.
I hope it can help the community.
It's just the beginning.
Study only purpose.
I tried to follow the code conventions found in the link below.
pinecoders.com/coding_conventions/
Script open-source
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.