New Momentum Indicator

The Momentum Indicator was created by Darryl W Maddox (Stocks & Commodities V. 9:4 (158-159)) and it is one of the simplest and most powerful indicators out there. Buy when the indicator goes over 0 and sell when it falls below 0

Let me know what other indicators you would like to see me write a script for!
Release Notes: increased the signal line width
Release Notes: updated to match my other indicators
Release Notes: fixed issue with default resolution
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.

Want to use this script on a chart?


how to use it?
cheatcountry welimos17
@welimos17, buy when the indicator is over 0 and sell when it falls below 0
Could you write a script for Fisher time transformation? Thanks
cheatcountry tenaciousv
@tenaciousv, are you referring to the Fisher Transform indicator by John Ehlers?
tenaciousv cheatcountry
cheatcountry tenaciousv
@tenaciousv, I will make sure that is on my list of indicators I will be releasing soon so make sure you follow me so you will get notified when I publish it!
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