OPEN-SOURCE SCRIPT
已更新 True Momentum Oscillator - Universal Edition
"TMO calculates momentum using the delta of price. Giving a much better picture of trend, trend reversals and divergence than momentum oscillators using price".
This is an implementation of the popular ToS indicator TMO . It incorporates a few improvements on the original code, which have also been proposed upstream. Please read the opening comment in the code.
How to use this indicator?
You can think of this indicator as a mix of RSI and MACD .
Similarly to RSI , it has overbought and oversold levels.
Similarly to MACD it has a TMO line and a signal line. The histogram shows the difference between those lines and easily lets you spot crossovers.
What does this indicator do?
In its default configuration, it looks at the last 14 candles and determines a score based on whether the current price is higher or lower than those candles. This reacts to breakouts very quickly, especially after a consolidation period.
This is an implementation of the popular ToS indicator TMO . It incorporates a few improvements on the original code, which have also been proposed upstream. Please read the opening comment in the code.
How to use this indicator?
You can think of this indicator as a mix of RSI and MACD .
Similarly to RSI , it has overbought and oversold levels.
Similarly to MACD it has a TMO line and a signal line. The histogram shows the difference between those lines and easily lets you spot crossovers.
What does this indicator do?
In its default configuration, it looks at the last 14 candles and determines a score based on whether the current price is higher or lower than those candles. This reacts to breakouts very quickly, especially after a consolidation period.
發行說明
Removed unnecessary parentheses. 發行說明
Added multi-timeframe support and replaced parameters that are going to be deprecated. Freshened up some default colors.開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。