Blast Off Momentum [DW]

This study is an alternative experimental interpretation of the Blast Off Indicator by Larry Williams.
This formula takes positive and negative magnitudes rather than the absolute value. The result is then smoothed with an EMA, and twice smoothed to provide a signal line.

Release Notes

Updates:

Simple housekeeping. Cleaned up the code a bit.

Aesthetic Updates:
-> Changed BOM's plot to columns
-> Added bar colorization

DonovanWall

For my full list of premium tools, check the blog:
wallanalytics.com/

Reach out on Telegram:
t.me/DonovanWall

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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.

Want to use this script on a chart?

DonovanWall

For my full list of premium tools, check the blog:
wallanalytics.com/

Reach out on Telegram:
t.me/DonovanWall

Also on:

Disclaimer

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