OPEN-SOURCE SCRIPT
Momentum - Strategy Script

Based on the bult-in momentum script, I took the liberty of updating it, adding two features.
First, I would like to see the momentum oscillator showing percentage values, rather than absolute values. Visually facilitating analysis in long-term graphs.
Second, just for fun*.
I don't know how to explain the reason exactly, but for the strategy bult-in script, I didnt like the formula of "mom1" calculation.
So I changed it for a formula that made the most sense to me.
In any case, the original script remains in the code, optionally disabling the "percent" option and selecting the MOM1 option in the "MOM Choice" field, for the purpose of study and comparisons.
The script below is opened for study and any suggestions will be welcome.
I hope it can help the community.
It's just the beginning.
Study only purpose.
I tried to follow the code conventions found in the link below.
pinecoders.com/coding_conventions/
First, I would like to see the momentum oscillator showing percentage values, rather than absolute values. Visually facilitating analysis in long-term graphs.
Second, just for fun*.
I don't know how to explain the reason exactly, but for the strategy bult-in script, I didnt like the formula of "mom1" calculation.
So I changed it for a formula that made the most sense to me.
In any case, the original script remains in the code, optionally disabling the "percent" option and selecting the MOM1 option in the "MOM Choice" field, for the purpose of study and comparisons.
The script below is opened for study and any suggestions will be welcome.
I hope it can help the community.
It's just the beginning.
Study only purpose.
I tried to follow the code conventions found in the link below.
pinecoders.com/coding_conventions/
開源腳本
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開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
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。