Yes, you need Momentum and Stochastic Momentum Index (SMI). If you do not have SMI, and if your ROC is plotted in %. You can apply smoothing on the %ROC and use the raw ROC data.
Use the limits, I have SMI mid at 0. For the % ROC it would be centered at 50. GL
pcmourao
⋅
ROC just asks me for the period..... is this it???? Something seems off.... tinypic.com/r/2ni5i6q/8 Have a look at the image on this url
UDAY_C_Santhakumar
⋅
send me an email, with all your question. Email address is in my profile.
pcmourao
⋅
Can't find your email.... do you mean a msg from tradingview?
UDAY_C_Santhakumar
⋅
pm me, I will send you my email address.
pcmourao
⋅
Hey UCS, just a question. On a software that is not tradingview.com, how would I go about identifying these up and down candles using traditional indicators? Is it Mom in conjunction with another? What conditions have to verify for the candle to be printed, again, using traditional indicators. I'm following some stocks in Europe and tradingview does not have those stocks available.
UDAY_C_Santhakumar
⋅
Now, if the SPY will spike up / start to rally in a day or two, you may not receive the long bar. Because, as of now the sell off is not enough to trigger a buy.
A-shot
⋅
Yes, i got it now (same as the October sell signal was not triggered as it was in the red area already on the indicator)