This is a 3 EMA visualization tool. Relative momentum across 3 timeframes are rendered as A/B/C waves. Also, helpful in identifying spike/exhaustion bars.
When all the waves are in the same direction, the momentum is very high on that direction. I have made all options configurable, have fun tuning for your instrument :)
how does it work, i cant figure it out. is there any way i can find out more about it, thanks
Joy_Bangla
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@Ferocious001, Same here
FourLeafClovis
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so from what I understand, the different colors represent, from bright red to dark red, are the shorter time-frame moving averages to longer time-frame moving-averages. The pink bars represent sudden change upwards or downwards of the trend?
sandeepbharadwaj
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Hi,
Is it possible to show values in percentage of price?
Thanks
tradearcher
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Most definitely. Was gonna write my own but may just customize with my own indicators too. Nice work.