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Median Momentum Oscillator
What is Median Momentum Oscillator?
MedianMomentum Oscillator have bring the concept of Donchian Channels to create an band of price where Upper band is. the value of highest HIGH and Lower band is the lowest Value of LOW and then calculate the percent of Target Price to the range of Upper band and Lower Band then making its display in the term of oscillator which compare its change to last bar change.
Median Momentum Oscillator can be use as Confirmation Indicator while we design Trading strategy.
Green Background can be define as Buy signal : can be happen when White line cross Blue line Down
Red Background can be define as Buy signal : can be happen when White line cross Yellow line Up
Blue line can be use as support Line, we are expected white line to cross yellow line up in other to change its trend to be upward.
Yellow line can be use as resistance Line, we are expected white line to cross blue line up in other to change its trend to be downward.
What made Median Momentum Oscillator?
- Donchian Channels
- MA Concept
Use of Median Momentum Oscillator
- can be use as the confirmation indicator if trader apply the indicator to any trading strategy which already have trend identifier Indicator.
- can also be use as trend changer/switcher indicator.
MedianMomentum Oscillator have bring the concept of Donchian Channels to create an band of price where Upper band is. the value of highest HIGH and Lower band is the lowest Value of LOW and then calculate the percent of Target Price to the range of Upper band and Lower Band then making its display in the term of oscillator which compare its change to last bar change.
Median Momentum Oscillator can be use as Confirmation Indicator while we design Trading strategy.
Green Background can be define as Buy signal : can be happen when White line cross Blue line Down
Red Background can be define as Buy signal : can be happen when White line cross Yellow line Up
Blue line can be use as support Line, we are expected white line to cross yellow line up in other to change its trend to be upward.
Yellow line can be use as resistance Line, we are expected white line to cross blue line up in other to change its trend to be downward.
What made Median Momentum Oscillator?
- Donchian Channels
- MA Concept
Use of Median Momentum Oscillator
- can be use as the confirmation indicator if trader apply the indicator to any trading strategy which already have trend identifier Indicator.
- can also be use as trend changer/switcher indicator.
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由使用，沒有任何限制 — 點擊此處了解更多。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。