- Blue is momentum score
- Green = 15
- Red = 50
- orange = 100
The indicator looks at the previous candles differences between open, close, high, and low to determine momentum. A high close relative to open or low indicates very strong momentum for example.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.