PROTECTED SOURCE SCRIPT
JM Momentum Moving Average Crossover
Reuploaded.
Some people complained about noisy signals from previous gainzy inspired intraday indicator so have designed this one to be more robust. Is pretty good at capturing early trend changes in momentum. Have not backtested yet. Recommended for lower time frames, 1 hour and under, I like 45m.
How it works?
____________
Using custom fast and slow momentum factors it is simply a crossover of the two.
How to use?
____________
Wait for closing bar, if BUY signal is printed, momentum is trending upwards so longs are favoured. If SELL signal is printed, shorts are favored.
Some people complained about noisy signals from previous gainzy inspired intraday indicator so have designed this one to be more robust. Is pretty good at capturing early trend changes in momentum. Have not backtested yet. Recommended for lower time frames, 1 hour and under, I like 45m.
How it works?
____________
Using custom fast and slow momentum factors it is simply a crossover of the two.
How to use?
____________
Wait for closing bar, if BUY signal is printed, momentum is trending upwards so longs are favoured. If SELL signal is printed, shorts are favored.
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