Please add the Fading momentum indicator

The fading momentum signal indicators that a trend or swing is weakening and likely to reverse or go into a consolidation phase

RULES:

Bearish:
-3 bars with positive delta , were the delta of each bar is lower then the previous bar

Bullish:
-3 bars with negative delta were the delta of each bar is higher then the previous bar

In the example we can see 3 bars with negative delta going from -131 -> -52 -> -29. Clearly sellers are drying up and momentum is fading. When that happens we see the Fading momentum marker being drawn on the 3rd bar and the horizontal stripe being drawn by the indicator. After that bar the market rips higher.

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Upvoters
Status

In review

Board

💡 Feature Request

Date

About 1 year ago

Author

nookie

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