Multi-Oscillator Adaptive Kernel with Momentum

Multi-Oscillator Adaptive Kernel w. Momentum


An adaptation of the indicator by AlphaAlgos : Multi-Oscillator-Adaptive-Kernel (MOAK) with Divergence. Please find the description of the indicator in the above link.

Apart from adding labels to show trend/momentum changes, the following changes have been made to the original script:

1. Sensitivity is used in the computation to scale the fast MOAK signal,

2. Selection between two indicator modes:

• Trending - (the original script method) assesses whether smoothed MOAK is above/below 0 - for up/down trends respectively.
  
  
• Momentum - assesses whether the fast MOAK signal is above/below the smoothed MOAK, and can be used to indicate potential trend reversals as momentum of current trend fades.