Electrified Momentum Overlay

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.
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.

Want to use this script on a chart?


great work! tis looks very promising. is there a chance that you could implement a function to choose from various moving averages instaed of just ema/wma? or is there a particular reason for that? could be very interesitng with your VAWMA. Did you tested it out on smaller time frames like 5 or 15 mins and can recommend settings?
+1 Reply