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TrendSurfersSignals

Trend Surfers - Momentum + ADX + EMA

TrendSurfersSignals  
Momentum Indicator (MOM) Average Directional Index (ADX) Exponential Moving Average (EMA) momentumindicator ADX histogram
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momentum averagedirectionalindex ema momentumindicator adx histogram
This script mixes the Lazybear Momentum indicator, ADX indicator, and EMA.

Histogram meaning:
Green = The momentum is growing and the ADX is growing or above your set value
Red = The momentum is growing on the downside and the ADX is growing or above your set value
Orange = The market doesn't have enough momentum or the ADX is not growing or above your value (no trend)

Background meaning:
Blue = The price is above the EMA
Purple = The price is under the EMA

Cross color on 0 line:
Dark = The market might be sideway still
Light = The market is in a bigger move
To get all my scripts, analysis, trading tools, tutorials and free crypto trading signals, visit my website at TrendSurfersSignals.com
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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