OPEN-SOURCE SCRIPT

Momentum 4 Ways [Salty]

This script provides the ability to see 4 momentum values at once and a combined average of all 4 values. The user can see how fast momentum values are affecting the slow momentum values when all values are combined. Also, if the combined average value is greater than zero then momentum is considered bullish. Otherwise, values below zero are considered bearish.
Momentum Indicator (MOM)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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