Magma Momentum

20 июн. 2022 г.

This is a simple and easy-to-read momentum indicator that can help you identify divergences and shifts in momentum.

A divergence is when price moves in one direction but the indicator moves in the opposite direction. This typically is a sign of price exhaustion and can indicate that price is about to reverse, at least momentarily.

Here is a comparison with RSI (relative strength index) and some examples of divergences.



Enjoy.

28 июн. 2022 г.

Информация о релизе

Added two new optional components: OBVM (On balance volume momentum) based on OBV and a custom Chaikin Money Flow. I highly recommend enabling these in the settings as they can be used for extra confirmation of momentum.
Since the OBVM is based on volume it is often a leading indicator. All of these tools used in combination can give very strong signals and can help keep you out of bad trades.

30 июн. 2022 г.

Информация о релизе

Added smoothing to momentum waves, tweaked OBVM and made a bunch of improvements to CMF..

27 июл. 2022 г.

Информация о релизе

Added line mode