Momentum based SMIIO Indicator
This is a momentum based indicator set up using Anne-Marie Baiynd's settings. I have converted the "signal line" to a histogram to make it easier to read the indicator and have found it much more reliable than the standard Mac D.
You will notice your "buy" is confirmed when the indicator line passes up through the zero line and volume is passing through its moving average. The indicator triggers a "sell" when it passes the signal on down through the zero line.
More information can be found in the link below.
Thanks go out to Lazy Bear for coding this and his work in this community is much appreciated.
pastebin.com/BEAUNBmY
youtube.com/watch?v=UCazDCsHsC0
You will notice your "buy" is confirmed when the indicator line passes up through the zero line and volume is passing through its moving average. The indicator triggers a "sell" when it passes the signal on down through the zero line.
More information can be found in the link below.
Thanks go out to Lazy Bear for coding this and his work in this community is much appreciated.
pastebin.com/BEAUNBmY
youtube.com/watch?v=UCazDCsHsC0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.