Momentum — Indicator by The_Arena_Trader

multitimeframe trendanalysis relativestrengthcomparison roc

This indicator will give you the momentum readings (rate of change) for five lookback periods (15m, 60m, 4hr, 24hr, 48hr).

This is useful when backtesting or retroactively logging the readings into your trade journal (there is no way to roll back the Forex Factory momentum screener that I know of).

There are lines drawing in the background which are set to 100% transparency by default, so don't be puzzled when you occasionally see the bubbles for the line plots being highlighted on your chart.

Message me with any questions or suggestions.

You must be in the arena to win the game

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.

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