OPEN-SOURCE SCRIPT

Tick Line Momentum Oscillator

Updated
Tick Line Momentum Oscillator indicator script. This indicator was originally developed by Daniel E. Downing (Stocks & Commodities, V.12:1 (42-44): Using The Tick In A Short-Term Indicator).
Release Notes
Update colors. Add overbought / oversold input.
Centered OscillatorsdowningMoving AveragesRate of Change (ROC)ticklineticklinemomentumtlmo

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.

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