INVITE-ONLY SCRIPT
[AKM] Setup4
Updated
This indicator will divide the area to Buy and Sell zone with a divider line.
Buy Signal
The Buy signal will only appear when current price is above the divider line and break the last peak zigzag.
Buy signal with yellow color indicate that momentum value is between 0 and below the value set at Low Momentum Upper.
Buy signal with green color indicate that momentum value is exceeds the value set at Low Momentum Upper.
-Buy Momentum
The Buy signal will only appear when current price is above the divider line and break the last peak zigzag but the momentum is in Sell zone.
The -BM will be in blue color.
Sell Signal
The Sell signal will only appear when current price is below the divider line and break the last bottom zigzag.
Sell signal with yellow color indicate that momentum value is between 0 and above the value set at Low Momentum Bottom.
Sell signal with red color indicate that momentum value is exceeds the value set at Low Momentum Bottom.
-Sell Momentum
The Sell signal will only appear when current price is below the divider line and break the last bottom zigzag but the momentum is in Buy zone.
The -SM will be in blue color.
MX
If the MX signal appear above the divider line, it's time to close your Buy position. The momentum has changed from Buy zone to Sell zone.
If the MX signal appear below the divider line, it's time to close your Sell position. The momentum has changed from Sell zone to Buy zone.
Yellow MX means that the momentum value is between Low Momentum Upper and Low Momentum Bottom.
MX signal with green color indicate that momentum value is exceeds the value set at Low Momentum Upper.
MX signal with red color indicate that momentum value is exceeds the value set at Low Momentum Bottom.
Send us private message on TV to gain access to the indicator.
Buy Signal
The Buy signal will only appear when current price is above the divider line and break the last peak zigzag.
Buy signal with yellow color indicate that momentum value is between 0 and below the value set at Low Momentum Upper.
Buy signal with green color indicate that momentum value is exceeds the value set at Low Momentum Upper.
-Buy Momentum
The Buy signal will only appear when current price is above the divider line and break the last peak zigzag but the momentum is in Sell zone.
The -BM will be in blue color.
Sell Signal
The Sell signal will only appear when current price is below the divider line and break the last bottom zigzag.
Sell signal with yellow color indicate that momentum value is between 0 and above the value set at Low Momentum Bottom.
Sell signal with red color indicate that momentum value is exceeds the value set at Low Momentum Bottom.
-Sell Momentum
The Sell signal will only appear when current price is below the divider line and break the last bottom zigzag but the momentum is in Buy zone.
The -SM will be in blue color.
MX
If the MX signal appear above the divider line, it's time to close your Buy position. The momentum has changed from Buy zone to Sell zone.
If the MX signal appear below the divider line, it's time to close your Sell position. The momentum has changed from Sell zone to Buy zone.
Yellow MX means that the momentum value is between Low Momentum Upper and Low Momentum Bottom.
MX signal with green color indicate that momentum value is exceeds the value set at Low Momentum Upper.
MX signal with red color indicate that momentum value is exceeds the value set at Low Momentum Bottom.
Send us private message on TV to gain access to the indicator.
Release Notes
Version 7Buy/Sell signal will not trigger if the value exceeds the value set at Gap Up/Down.
Added momentum value for the Buy/Sell/MX alert condition.
Version 6
Buy signal will trigger as long the current price is above the divider line and break the last peak zigzag.
Sell signal will trigger as long the current price is below the divider line and break the last bottom zigzag.
No momentum value for the Buy/Sell/MX alert condition.
Send us private message on TV to gain access to the indicator.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact LipatMarket for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″
Want to use this script on a chart?
Warning: please read before requesting access.
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.