Smoother Momentum Stops (SMS) is a dynamic tool that combines the logic of momentum and moving averages to create an overlay of the market price and generate potential trade signals. The original idea for this indicator comes from the beloved and esteemed trading indicator guru Mladen Rakic.
Understanding the Framework
The SMS incorporates various aspects of...
Smoother Momentum MACD w/ DSL uses two different EMA calculations to derive momentum and then calculates the MACD between those momentum outputs. This indicator uses a variation of Discontinued Signal Lines for the breakout/breakdown/reversal signals . There are three different signal types: middle, levels, and slope. I've also added alerts and signals. The...
![BTCUSD: Smoother Momentum Stops [Loxx]](https://s3.tradingview.com/v/v8XgnKnE_mid.png "Smoother Momentum Stops [Loxx]")
![USDCAD: Smoother Momentum MACD w/ DSL [Loxx]](https://s3.tradingview.com/z/zns9rq44_mid.png "Smoother Momentum MACD w/ DSL [Loxx]")