OPEN-SOURCE SCRIPT
Updated RK's 07 ∴ Moving Average Ribbon with Momentum Adjusted by DGT
Hello folks!
In my search for new ways to get faster and better market responses, I found this brilliant Indicator here on Trading View.
I rewrite all the code with my own functions and styles.
So... This is my adaptation to excellent script "Momentum adjusted Moving Average by DGT" from the user dgtrd
In dgtrd's words: "A brand new Moving Average, calculated using Momentum, Acceleration and Probability (Psychological Effect).
Momentum adjusted Moving Average( MaMA ) is an indicator that measures Price Action by taking into consideration not only Price movements but also its Momentum, Acceleration and Probability.
MaMA , provides faster responses comparing to the regular Moving Average"
The original post is here: 👇
T∴F∴A∴
Rodrigo Kazuma
In my search for new ways to get faster and better market responses, I found this brilliant Indicator here on Trading View.
I rewrite all the code with my own functions and styles.
So... This is my adaptation to excellent script "Momentum adjusted Moving Average by DGT" from the user dgtrd
In dgtrd's words: "A brand new Moving Average, calculated using Momentum, Acceleration and Probability (Psychological Effect).
Momentum adjusted Moving Average( MaMA ) is an indicator that measures Price Action by taking into consideration not only Price movements but also its Momentum, Acceleration and Probability.
MaMA , provides faster responses comparing to the regular Moving Average"
The original post is here: 👇
T∴F∴A∴
Rodrigo Kazuma
Release Notes
Indicator's link on scriptRelease Notes
Better study title 😁👍Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.