A momentum indicator that uses the highest and lowest values for price in three different lookback lengths to find the performance relative to three timeframes.
- The yellow line is the product of the price performance in three different timeframes. - The red line is 200 EMA of the performance. - The blue columns represent the same calculation or the volume(OBV based). - The aqua line is the 200 EMA of the volume performance.
How to use: Whenever the performance crosses above the 200 EMA, the price is in an uptrend.
Important: When in a downtrend, the performance will stay below the 200 EMA for a long time; hence it is important o wait until the crossover.
Notas de prensa
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Changes introduced to make the graph more comprehensible.