OPEN-SOURCE SCRIPT
Momentum3
A Momentum indicator based on RSI.
Usage:
1. RSI divergence and hidden divergence
2. RSI over-sell and over-bought
3. 1st order info: when rsi>0, background is green; when rsi<0, red
4. 2nd order info: when rsi increases, rsi line is green; when decreases, rsi is red.
Usage:
1. RSI divergence and hidden divergence
2. RSI over-sell and over-bought
3. 1st order info: when rsi>0, background is green; when rsi<0, red
4. 2nd order info: when rsi increases, rsi line is green; when decreases, rsi is red.
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.
Disclaimer
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