PROTECTED SOURCE SCRIPT
Smooth Momentum Waves
تم تحديثه
A momentum oscillator based on z-score of logarithmic returns by default, but can be applied to a mean of returns or price as well.
When applied to logarithmic returns, price, or mean of returns, it takes a series of z-score values, and applies a smoothing filter to attempt and filter out noise to derive a trend or momentum signal.
Since volatility in my previous indicators is estimated using standard deviation of log returns, this can be considered a momentum oscillator based on volatility when sourced to logarithmic returns.
The oscillator will change colors based on the trend, as well as crossing above below the 0 line.
Coloring:
Green and above 0, or Dark red when below 0 = Price increasing
Dark green and above 0, Red when below 0 = Price decreasing
When applied to logarithmic returns, price, or mean of returns, it takes a series of z-score values, and applies a smoothing filter to attempt and filter out noise to derive a trend or momentum signal.
Since volatility in my previous indicators is estimated using standard deviation of log returns, this can be considered a momentum oscillator based on volatility when sourced to logarithmic returns.
The oscillator will change colors based on the trend, as well as crossing above below the 0 line.
Coloring:
Green and above 0, or Dark red when below 0 = Price increasing
Dark green and above 0, Red when below 0 = Price decreasing
ملاحظات الأخبار
*removed unnecessary setting from testing code*ملاحظات الأخبار
*updated chart image*
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.