ucsgears

Momentogram - Wave

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%

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// 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)
MONEYMENOW PRO
9 months ago
Hi.. can u explain what is meant by settings... Thanks
Reply
ucsgears PRO MONEYMENOW
9 months ago
Use the TTM waves instead.
Reply
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