PROTECTED SOURCE SCRIPT
Prometheus' Momentum SMA
This is a price momentum indicator that calculates the change in price momentum over time with a simple moving average to use as a potential profit taking mechanism.
The lookback period is for calculating the momentum plot on the chart. It measures the closing price between the current candle and the candle X periods ago. (orange line)
The indicator also has a simple moving average of the momentum plotted on the chart. (gray line with background fill)
Future versions will include multitimeframe signals and alertconditions.
The lookback period is for calculating the momentum plot on the chart. It measures the closing price between the current candle and the candle X periods ago. (orange line)
The indicator also has a simple moving average of the momentum plotted on the chart. (gray line with background fill)
Future versions will include multitimeframe signals and alertconditions.
Protected script
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
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.