OPEN-SOURCE SCRIPT
Kaste HARSH [Pure]
How it works:
Trend component: Measures the percentage distance between fast (12) and slow (26) EMAs
Momentum component: RSI centered at 50 (range -50 to +50)
Result: A smoothed line oscillating around zero—positive values indicate bullish momentum, negative values bearish
Reading the indicator:
Above zero: Uptrend dominance; line above orange signal = strong momentum
Below zero: Downtrend dominance; line below signal = weakening momentum
±20 dotted lines: Overbought/oversold thresholds (adjustable via background colors)
Best used for: Confirming trend direction and spotting momentum divergences without chart clutter. Pure price action alignment—no buy/sell arrows, just raw trend energy.
Trend component: Measures the percentage distance between fast (12) and slow (26) EMAs
Momentum component: RSI centered at 50 (range -50 to +50)
Result: A smoothed line oscillating around zero—positive values indicate bullish momentum, negative values bearish
Reading the indicator:
Above zero: Uptrend dominance; line above orange signal = strong momentum
Below zero: Downtrend dominance; line below signal = weakening momentum
±20 dotted lines: Overbought/oversold thresholds (adjustable via background colors)
Best used for: Confirming trend direction and spotting momentum divergences without chart clutter. Pure price action alignment—no buy/sell arrows, just raw trend energy.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.