This is the Beta release of the Momentum Reversal Indicator (MRI), expect an update by the end of year.
The Momentum Reversal Indicator (MRI) is an advanced script for professional traders who have taken the time to learn all its functions. It is a time based indicator that anticipates the ending of trends based on the momentum in price movement. As an...
This script calculates 3 lengths of MAs (short, med, long, defaulted to Tone's preferred weekly lengths) using either the SMA, EMA or WMA and forecasts where the MAs will be in future periods (buy removing the oldest periods and adding future prices based on either current price "flat" or a 3 period liner regressions "linreg".
This was made for Tone Vays, because...