PROTECTED SOURCE SCRIPT
Momentum Trend Index
Updated
Momentum Trend Index (MTI), is a Trend Filtering system that utilizes momentum via RSI in a special unique way which not many people have done to date within Tradingviews platform and even outside it.
Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes.
Use your favourite RSI or Moving Average settings (4,9,13,21,31,50,100,200,etc)
Included in the indicator is an option to plot the Over Sold and Over Bought levels directly to your chart!
Reduce the noise of the trend to focus on the direction, it holds true through consolidations and volatility spikes.
Use your favourite RSI or Moving Average settings (4,9,13,21,31,50,100,200,etc)
Included in the indicator is an option to plot the Over Sold and Over Bought levels directly to your chart!
Release Notes
Added 3 plots for MTI to allow stacking, signal for 2 MTI confluence and 3 MTI confluence.Release Notes
I have added a real time Multi Time Frame plotting system with a Trend Widget to be placed either on the top or bottom of the screen. This update allows you to have 3 higher timeframes to be tracked and plotted! \currently working on optimizing the widget to work better with mobile as it kind of squishes the panels. you can still tell the trend direction based of the colour of the panel but it doesn't show it like it would be on the computer or sideways mobile screen.
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.