OPEN-SOURCE SCRIPT
Multi-Oscillator Adaptive Kernel with Momentum
Multi-Oscillator Adaptive Kernel w. Momentum
An adaptation of the indicator by AlphaAlgos : Multi-Oscillator-Adaptive-Kernel (MOAK) with Divergence. Please find the description of the indicator in the above link.
Apart from adding labels to show trend/momentum changes, the following changes have been made to the original script:
1. Sensitivity is used in the computation to scale the fast MOAK signal,
2. Selection between two indicator modes:
An adaptation of the indicator by AlphaAlgos : Multi-Oscillator-Adaptive-Kernel (MOAK) with Divergence. Please find the description of the indicator in the above link.
Apart from adding labels to show trend/momentum changes, the following changes have been made to the original script:
1. Sensitivity is used in the computation to scale the fast MOAK signal,
2. Selection between two indicator modes:
- Trending - (the original script method) assesses whether smoothed MOAK is above/below 0 - for up/down trends respectively.
- Momentum - assesses whether the fast MOAK signal is above/below the smoothed MOAK, and can be used to indicate potential trend reversals as momentum of current trend fades.
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.
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.
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.