Volume Weighted 3-10 Momentum Oscillator

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beto_gauer
172
beto_gauer  

Hi there,


I found this code for the 3-10 Momentum Oscillator


threeMA = MA(C, 3);
tenMA = MA(C, 10);
threeTen = threeMA - tenMA;
trendLine = MA(threeTen, 10);

Plot(threeTen, "3-10 Line", colorGreen, styleLine, Null, Null, 0, 0, 2);
Plot(threeTen, "3-10 Line", colorGreen, styleHistogram + styleNoLabel, Null, Null, 0, 0, 2);
Plot(trendLine, "Trend Line", colorBlue, styleLine, Null, Null, 0, 0, 2);
Plot(0, "0 Line", colorGrey40, styleDashed + styleNoLabel, Null, Null, 0, 0, 2);


My idea is to use VWMA instead of MA, so the oscillator won't be based on price alone, thus giving us more reliable readings.


If anyone could code this it would be super, thanks!

Ammar Yaseen
1756
Ammar Yaseen  
beto_gauer:

Hi there,


I found this code for the 3-10 Momentum Oscillator


threeMA = MA(C, 3);
tenMA = MA(C, 10);
threeTen = threeMA - tenMA;
trendLine = MA(threeTen, 10);

Plot(threeTen, "3-10 Line", colorGreen, styleLine, Null, Null, 0, 0, 2);
Plot(threeTen, "3-10 Line", colorGreen, styleHistogram + styleNoLabel, Null, Null, 0, 0, 2);
Plot(trendLine, " Trend Line", colorBlue, styleLine, Null, Null, 0, 0, 2);
Plot(0, "0 Line", colorGrey40, styleDashed + styleNoLabel, Null, Null, 0, 0, 2);


My idea is to use VWMA instead of MA, so the oscillator won't be based on price alone, thus giving us more reliable readings.


If anyone could code this it would be super, thanks!

HI can you please tell me if you have find the indicator for the above code?

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