OPEN-SOURCE SCRIPT
Updated make lead signal
Add derivative of a signal for leading behaviour
formula: sig = (lambda/100)*source + (1-lambda/100)**momentum )
it has a multiplier and an offset for adjustment of result.
final formula: sig = multiplier*( (lambda/100)*src + (1-lambda/100)*mom_coef*mom ) + offset
formula: sig = (lambda/100)*source + (1-lambda/100)**momentum )
it has a multiplier and an offset for adjustment of result.
final formula: sig = multiplier*( (lambda/100)*src + (1-lambda/100)*mom_coef*mom ) + offset
Release Notes
filter momentum signal by emaOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.