[KRONOS] Momentum
This indicator is based on an algorithm which provides accurate momentum tracking on every timeframe. It is visualized as a colored histogram and through some other tools.
The value is calculated from an exponentially weighted moving average that is used to get a high and a low deviation, merging the last value into a range.
It includes
Overbought and oversold fixed areas. Their purpose is to facilitate the recognition of areas where the trend is likely to end or cool down. They are also marked with a background coloring.
Zero line. It typically represents a change of trend when the price crosses under or over it.
Volume shifts. Colored arrows will appear whenever a volume change is detected.
How to use?
Buy/Long on a blue confirmation arrow
Sell/Short on a red confirmation arrow
Take profit when the indicator starts showing a blue background
Take profit when the indicator starts showing a red background
extra tip: the zero line often acts as support / resistance similarly to the overbought and oversold areas
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact kronos-algo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact kronos-algo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Our indicators are suitable for all markets: Crypto, Forex, stocks, etc.