CC - Candle Momentum Indicator by maigcaloctopus

vwap simplemovingaverage candlestick candle sma colored example study

A simple VWAP and SMA smoothing on the candles along with some momentum coloring. Basically, if the "slider" is slid all the way up and it turns red, moving down or losing volume t's probably going down. If it's all the way down and starts turning green, getting bigger and seeing volume, it's probably going up. this is a prototype indicator that I plan to extend using arrays and averages if it is seen as something useful.

All of these scripts are sponsored by NChart, as he has graciously given me money for trading view premium to help me develop scripts! Check my bio for more information and a link to their twitter. Mods if this is not okay DM me, thanks! Apologies.

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