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OPEN-SOURCE SCRIPT

Electrified Momentum Overlay

By Electrified
Updated
Visualizes a moving average and changes in momentum in one overlay.

8 phase alert options.
Release Notes
Use signal color to values.
Release Notes
  • Improved sensitivity by including MACD style momentum as well as derived.
  • Improved usefulness as color ques are more preemptive.
  • Improved readability of code logic.
  • Consolidated got getMA() function.
  • Allow for rendering using either derived or slow MA.
Moving AveragesOscillatorsoverlayoverlaystrendTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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