Exponential Momentum

Features

1. smoothed to filter out noise.


2. nonretarded Exponential averaging.


3. drawing Line or bar.


4. momentum both bull and bear moves on.

Instructions for use

1. Trend following, GREEN for the Bulls and Pink Bear. Buy when the indicator reaches a minimum and begins to rise, and sell when the indicator reaches its maximum and begins to fall.


2. The Power of momentum, Higher values ​​mean higher strength. If the Momentum indicator reaches extremely high or low values ​​(relative to its historical values), you can assume a continuation of the trend. For example, if the Momentum indicator reaches extremely high values ​​and then turns down, we should expect further price growth. In any case, trade only after prices confirm the signal indicator (for example, if the price will peak and go down before selling wait until the price starts to fall).


3. divergence:
   
   • Bullish divergence occurs when the price reaches new lows and the indicator fails to achieve them.
   • Bearish divergence appears when the price reaches new highs and the light - no.

Both of these divergences are most significant when they occur at relatively overbought / oversold levels.

Input parameters

1. FirstMomentumAveraging: Periods of exponential averaging, which will be applied to spark heights.


2. SecondMomentumAveraging: Periods of exponential averaging to smooth the first averaging.


3. ThirdMomentumAveraging: Periods of exponential averaging to smooth the second averaging.


4. SafeMode: When set to true, the indicator changes color when passing the zero level.


5. Indicator_Type: Selection of the type of drawing indicator, LINE (line) or HISTOGRAM (histogram).

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