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Madrid Trend Strength
This indicator displays a vector that measures the direction and the strength of a trend. It is based on the Awesome Indicator (AO), the difference is this indicator can be customized to track different moving averages and keep track of either long or short term trends. It displays momentum direction too.
The parameters needed are two mandatory and three optional.
1. Fast MA Length. The length of the fast Moving Average
2. Slow MA Length. The length of the slow Moving Average (SlowMA > FastMA)
3. Signal Length. This is used to display the momentum.
4. Display Signal. Optionally the signal to determine momentum can be displayed as well.
5. Reverse view.
The default parameters are 34-89, but the values depend on which MA pairs you want to study, like 8-21, 21-55, 55-89, 55-144.
How to trade with the MTS indicator
1. Go long when the indicator is green
2. Go short when the indicator is red
3. If MTS is >0 and green : Long position
4. If MTS > 0 and red : entry/exit points. Take profits or scale up
5. If MTS < 0 and red : Short position
6. If MTS < 0 and green : entry/exit points. Take profits or scale up
Momentum Bar:
Lime = an uptrend in progress
Green = Still in uptrend but this signals a weakening trend or a possible reversal
Red = a downtrend in progress
Maroon = Still in downtrend but this signals a weakening trend or a possible reversal
The parameters needed are two mandatory and three optional.
1. Fast MA Length. The length of the fast Moving Average
2. Slow MA Length. The length of the slow Moving Average (SlowMA > FastMA)
3. Signal Length. This is used to display the momentum.
4. Display Signal. Optionally the signal to determine momentum can be displayed as well.
5. Reverse view.
The default parameters are 34-89, but the values depend on which MA pairs you want to study, like 8-21, 21-55, 55-89, 55-144.
How to trade with the MTS indicator
1. Go long when the indicator is green
2. Go short when the indicator is red
3. If MTS is >0 and green : Long position
4. If MTS > 0 and red : entry/exit points. Take profits or scale up
5. If MTS < 0 and red : Short position
6. If MTS < 0 and green : entry/exit points. Take profits or scale up
Momentum Bar:
Lime = an uptrend in progress
Green = Still in uptrend but this signals a weakening trend or a possible reversal
Red = a downtrend in progress
Maroon = Still in downtrend but this signals a weakening trend or a possible reversal
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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。