Percent Volatility Momentum

21 thg 12, 2022

This pine script calculates percent volatility momentum, negative percent volatility and positive percent volatility. The blue line is the overall momentum of the current percent volatility trend. The red line only includes negative movements in the percent volatility of the source. The green line includes only positive movements of the percent volatility of the source. The script also includes an angle and a normalized angle setting that allows one to determine the angle of the source curve. Note, the angle was transformed from -90 to 90 to 0 to 100. Such that an angle of -90 is transformed to 0. An angle of 0 is transformed to 50 and an angle of 90 is transformed to 100. This is the first draft of this script and my first pine script published. Any feedback is welcome. I borrowed code from TradingView's Linear Regression Channel and Relative Strength Index pine scripts.

22 thg 12, 2022

Phát hành các Ghi chú

In this updated version, I cleaned up the code and added a simple moving average to the momentum indicator and set the length to be twice the length set for PV +/- values.

22 thg 12, 2022

Phát hành các Ghi chú

Updated chart.

22 thg 12, 2022

Phát hành các Ghi chú

Update to PV momentum variable.

23 thg 12, 2022

Phát hành các Ghi chú

Updated chart per feedback.