Momentum Indicators

Momentum in trading refers to the speed of the price change. Momentum indicators measure this speed, which can be helpful to see an upcoming trend change.

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Median Convergence Divergence

The Median Convergence Divergence ( MCD ) is a derivative of the Moving Average Convergence Divergence ( MACD ). The difference is the change in the use of the measure of central tendency. In MACD , moving average (mean) is used, whereas, in MCD , the median is used instead. The purpose of using the median is to eliminate the outlying values, which would be calculated for a moving average. The outliers would affect the value of the moving average.
$9.90

Know Sure Thing

The Know Sure Thing (KST) is a momentum oscillator developed by Martin Pring to make rate-of-change readings easier for traders to interpret.
$9.90

Momentum Bars

Momentum Bars offers a different way to visualize momentum - and uses some simple TA concepts to provide a different perspective into how we read momentum changes and incorporate that in our trading. The idea here (and the script itself) is really super simple, and is inspired by Elder's Impulse System ( EIS ) - then evolved to leverage some other concepts, and to become less cluttering and "easier to read".
$9.90

SMI Ergodic

The Stochastic Momentum Index (SMI) Ergodic is a leading indicator that sends buy and sell signals by predicting an upcoming reversal in the price of an asset. Trending markets are the easiest markets to make a profit in because the direction of the trend is predictable and we can place trades as long as the trend lasts.
$9.90

Braid Filter (v1)

The Braid Filter Indicator was first introduced in 2006 by a man named Robert Hill, also known as “Mr.Pips” in Stocks and Commodities Magazine. By the way, Mr. Hill created the first version of this indicator. Over the years, coders created subsequent versions and added modifications. The “braid” is formed by line intersections based on various types of moving averages.
$9.90

Bears Bulls Impulse

This indicator is an adaptation of the Elder Ray Index indicator developed by Dr. Alexander Elder. The original version was developed in 1989 and was given the name Elder “Ray” because he felt it could see through the market, just as an X-Ray can see your bones through your skin.
$9.90