BigSwifty

Stochastic Momentum

This RSI indicator uses the difference between the K and D values in the Stochastic RSI indicator. Using the same layered lengths of 12, 24, 48 and 96 intervals that the Avg Stoch RSI indicator, this offers a rate of change momentum measurement. Crossovers are at zero, this indicator gives a clearer indicator of market momentum.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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