GM Momentum Oscillator

8 okt. 2018A momentum Oscillator that can be used for typical overbought/oversold conditions and also used to spot divergences. Crossing the Zero line can also be viewed as a buy/sell signal depending on direction.

8 okt. 2018

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Updated. Added Green and Red bars that can be used as buy/sell confirmation. However, correct use is to analyze momentum and divergence.

9 okt. 2018

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Update.
- Color coding changed
- Bar turns green when passing above lower band
- Bar turns red when breaking below upper band
- band width setting added to adjust distance of lower and upper bands from the zero line

12 okt. 2018

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A new version of the oscillator has been added. If you don't like it, there's
a switch to go back to the old version. New version has more appropriate
color coding.

- More Settings Added
- Added a moving average
- Renamed bandwidth to Overbought/Oversold to avoid confusion.

15 okt. 2018

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Tweaked Algorithm.
Added a Setting to highlight Potential Trend Reversal bars.
This is designed for night-mode chart, highlight bars may not be visible on white chart.

20 okt. 2018

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- Allowed User to change Color of Force Bars as they were not visible on white backgrounds.
- Added a Time Frame Override setting, and allowed user defined time frame
- The moving average is now a moving average of the histogram.

4 nov. 2018

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- Re-Wrote the entire script. Should be less CPU Intensive and faster.
- Added more customization options

5 nov. 2018

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Stochastics were requested by members. This will likely be a temporary feature.

Trial Period ends November 14th.


Price will be 0.05 Bitcoin for life time access.

9 dec. 2018

Versionsinformation

Added features.
- Choose between my GM Force formula or MACD with Multi Time Frame options.
- Volatility indicator added. Lights up when over-extended or trending