This "on chart" indicator is used purely as a visual sentiment to directional momentum of the pair you are looking at.

it is split into two parts, both of which i will explain below.

1, The SMA (purple and blue fading visual mas) this is used to find the directional momentum

2, the DMA (a slightly delayed Moving Average), is used to decide if the market is in a bullish or bearish move, hence determining whether or not to go long or short.
-only go long when price above DMA, and short, below.

i have found it very good at calling out bad trades, when the direction changes quickly.
same as all my other indicators this is fully adjustable in the settings.

i find, with the standard settings, it works best on the 2 hour timeframe as shown, but again, can be used on any time frame.

For access, send me a DM on TradingView
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact TradingSargentAlpha for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Want to use this script on a chart?

Warning: please read before requesting access.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter