Momentum on EMA oscillator

21 ก.พ. 2020

This script calculates the momentum on a 2 ema oscillator.
Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account.

Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing.
Seeing such a trap is trivial as you won't buy if the market is slightly bear or flat.

Signals is quite good to detect the begining of a bull/bear market.

Can display some interesting divergence.

23 ก.พ. 2020

เอกสารเผยแพร่

Background color rule definition (green/red) has been reviewed to see the trends more easily.
This indicator has a better usage if you use it on several time interval of the same market.