NoProfile

Linear Scientific Momentum

Based on science formula , momentum = mass* velocity
here mass = volume , and velocity here is average velocity .
For VOLUME , MOMENTUM , VOLATILITY = it gives accurate value ( not slow like bb and ma )
Release Notes: we all know , momentum scientific formula = mass * speed ,
come to the point ,
volume = mass , speed = average speed direction of traders .

WHY THIS INDICATOR IS SO POWERFUL AND USEFUL ?

volume indicator only tells the number of traders entering in market ,right ?
but this indicator tell the number of trader trading in which direction .
this indicator tells you about the number of traders trading in which direction .
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.

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