OPEN-SOURCE SCRIPT
Updated Stochastic Momentum Index_Middle Band Added
This is an update to the current indicator Stochastic Momentum Index by: surjithctly
This video on YouTube Linked Under explains how to use this indicator along with another indicator: ema cloud 150
youtube.com/watch?v=bFY_M4BZmVU
All that was improvised and added was a middle band a mid point to know where the middle of the indicator is. That is all.
Also Edit, Customize the indicator however you like, and if you don't want the mid point shown or want to alter to a line or a dotted line you can also do that as well.
Please enjoy, I provide these updates that I publish because I am passionate about trading and if this helps me, I know it will help you.
This video on YouTube Linked Under explains how to use this indicator along with another indicator: ema cloud 150
youtube.com/watch?v=bFY_M4BZmVU
All that was improvised and added was a middle band a mid point to know where the middle of the indicator is. That is all.
Also Edit, Customize the indicator however you like, and if you don't want the mid point shown or want to alter to a line or a dotted line you can also do that as well.
Please enjoy, I provide these updates that I publish because I am passionate about trading and if this helps me, I know it will help you.
Release Notes
This is an update to the current indicator Stochastic Momentum Index by: surjithctlyThis video on YouTube Linked Under explains how to use this indicator along with another indicator: ema cloud 150
youtube.com/watch?v=bFY_M4BZmVU
All that was improvised and added was a middle band a mid point to know where the middle of the indicator is. That is all.
Also Edit, Customize the indicator however you like, and if you don't want the mid point shown or want to alter to a line or a dotted line you can also do that as well.
Please enjoy, I provide these updates that I publish because I am passionate about trading and if this helps me, I know it will help you.
P.s. I added the middle band exteded into the future just like the oversold/overbought levels but still at 0 , so it is still in the middle
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.
@MultiBillonario
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.
@MultiBillonario
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.