OPEN-SOURCE SCRIPT
Momentum 4 Ways Smoothed MTF [Salty]
Updated
This script improves on the existing Momentum 4 Ways Smoothed indicator by showing the smoothed values for Week (labeled W), Day (labeled D), and Hour (labeled H) along with the detailed values for the currently selected time frame. This allows the user to compare the momentum in the current time with other time frames easily. For example, one can see the detailed momentum lines on the 15 minute time frame while also seeing the smoothed value for the Week, Day, and Hour lines to know when the lower value time frame is in sync with the higher time frames.
Release Notes
10Dec2020: This version includes MTF plots for MONTH, 30MIN, 15MIN, and 5MIN time frames. The MTF plots may be enabled or disabled as needed, and the labels are dynamically color coded to match the color of the line they are highlighting.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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