Price Spread Momentum‴ | Price Spread Momentum Histogram

Price Spread Momentum‴ is a Price Spread oscillator that allows you to have a better understanding and interpretation of its behavior once you are able to see it through an histrogram.

It has extreme zones such as overspreaded and underspreaded, but these zones start, respectively, from above 100% and from under -100%, with a mid line at 0%.

What is the best is that you can use it with any kind of graphic that it will always considere the real open, close, high and low trading values.

To have access to this indicator, please contact me at: contato @ moneywise . com . br

Believe me, this indicator will make your life much easier!

Versionsinformation:

Picture update

Versionsinformation:

Just some algorithm update.

Versionsinformation:

More algorithm update.

Versionsinformation:

The Price Spread‴ has an all new set of features which allows you to have a better understanding and interpretation of its behavior once you are able to:

1. see colored arrow upward/downward when the Spread line reverses upward/downward;
2. see colored histogram, and additional sign as of in the MACDH indicator;
3. see the indicator with Ordinary or Directional Momentum OHLC values;
4. far right side of the indicator shows bars to that provides the buy/sell signal status:
- the right side bar shows if the indicator is on an upward (green color) or downward (red color) full trend for both lines and histogram;
- the left side bar shows if the indicator's trend is being threatened (yellow color).
- a par of arrows provide the trader the sense of histogram current bar Expansion bias (point top-up and bottom-down) or Contraction bias (point top-down and bottom-up)

Believe me, this indicator will make your life much easier!

To have access to this indicator, please contact DM me.

Versionsinformation:

Just minor ajustments to the script to currect the histogram bar color on the far right side.

To have access to this indicator?
Please DM me.
Don't contact me in the comment area.