Momentum Timer Pro 2

Momentum Timer Pro 2 calculates the momentum of the gradient of two exponential moving averages (one faster and one slower) and puts them through a relative strength index to signal momentum.

You may notice a rhythm to this indicator. Because relative strength indexes naturally drag the output signal toward middle of the range and the input of this indicator is the momentum of a gradient (a momentum indicator within a momentum indicator), the signal may imply an overbought or oversold countertrend condition despite an impulsive trend remaining intact.

This is a lagging indicator and I suggest you use it similarly to a regular RSI.

Enjoy!