Blast Off Momentum [DW] — Indicator by DonovanWall

centeredoscillator trendanalysis breadthstudies blastoff experimental larrywiliams

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

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

Reach out on Telegram:
t.me/DonovanWall

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

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.

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