Momentogram - Wave — Indicator by UDAY_C_Santhakumar

momentum histogram ttm ucs momo waves

This is another way you can plot the Momentum Histograms. This can be manipulated to Wave A, B, C from trade the market.

TTM WAVES - if you can manipulate the settings, this will work. 100%

List of All my Indicators -

Uday C Santhakumar

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.

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.

Want to use this script on a chart?

// Created by UCSGEARS on 8/30/2014
//Version 2 for the Momentum Histogram
study(title="UCS_Momentogram - Wave", shorttitle="UCS_Momo-WAVE")
source = close
fastLength1 = input(8, minval=1)
slowLength1 = input(55, minval=1)
signalLength1 = slowLength1

fastLength2 = input(13, minval=1)
slowLength2 = input(89, minval=1)
signalLength2 = slowLength2

fastMA1 = ema(source, fastLength1)
slowMA1 = ema(source, slowLength1)
macd1 = fastMA1 - slowMA1
signal1 = ema(macd1, signalLength1)
hist1 = macd1 - signal1

fastMA2 = ema(source, fastLength2)
slowMA2 = ema(source, slowLength2)
macd2 = fastMA2 - slowMA2
signal2 = ema(macd2, signalLength2)
hist2 = macd2 - signal2
plot(0,color=black, title = "Zero Line")
plot(hist2, color=red, style=histogram, title="Wave 2", linewidth=3)
plot(hist1, color=blue, style=histogram, title="Wave 1", linewidth=3)

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