InTheMoneyMike

RAT Momentum Squeeze BETA

V1.0

MAs are a great tool to measure the market's momentum. I created this indicator to graphically depict bullish and banishment movements with the moving averages.


Using the 50, 100, & 200 day MA in conjunction with the RSI we are able to find great swing setups. This is used best on the 30min & up to the daily chart.


Release Notes:
*Cleaned up code
Release Notes:
V1.0 Release Notes

Added 9-day moving average with dynamic color based on 9-day RSI over/oversold levels

Added dynamic color changing to all moving averages based on the directional movement
Release Notes:
Added conditional formatting to the colors on the 9-day moving average. The greener the color, the more overbought. The darker the red, the more oversold. I will tweak the colors of the cloud and line itself in a future update.
Release Notes:
Exciting new update :)


-Added improved accuracy for the strength in the trend by calculating different RSI lengths
-Added bar overlays to help show the strength of the trend
-Improved colors on the 9 day MA overlay

Release Notes:
Switched MAs to EMAs. After doing extensive backtesting I think EMAs are much more accurate for the purpose of this indicator
Release Notes:
Changed SMAs to EMAs for improved accuracy
Release Notes:
changed RSI sensitivity

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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