INVITE-ONLY SCRIPT

[KRONOS] Momentum

Description

This indicator is based on an algorithm which provides accurate momentum tracking on every timeframe. It is visualized as a colored histogram and through some other tools.
The value is calculated from an exponentially weighted moving average that is used to get a high and a low deviation, merging the last value into a range.

It includes

Overbought and oversold fixed areas. Their purpose is to facilitate the recognition of areas where the trend is likely to end or cool down. They are also marked with a background coloring.
Zero line. It typically represents a change of trend when the price crosses under or over it.
Volume shifts. Colored arrows will appear whenever a volume change is detected.

How to use?

Buy/Long on a blue confirmation arrow
Sell/Short on a red confirmation arrow
Take profit when the indicator starts showing a blue background
Take profit when the indicator starts showing a red background

extra tip: the zero line often acts as support / resistance similarly to the overbought and oversold areas
Bitcoin (Cryptocurrency)CryptocurrencyEthereum (Cryptocurrency)ForexindicatorsMoving AveragesmultitimeframeOscillatorstradingsignals

Script que requiere invitación

El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Para obtener más información, póngase en contacto con kronos-algo o siga las siguientes instrucciones del autor.

TradingView recomienda no comprar ni utilizar un script si su autor no le ofrece total confianza o cuando no entienda cómo funciona. En muchos casos, puede encontrar una buena alternativa de código abierto de forma gratuita en nuestros Scripts de la comunidad.

Instrucciones del autor

Learn more at: https://kronos-trading.com/indicators Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.

¿Quiere utilizar este script en un gráfico?

Advertencia: Por favor, leer antes de solicitar acceso.

Learn more at: kronos-trading.com/indicators

Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
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