Momentum Multicolor Line
Unfortunately this indicator is no
longer available, but you may find Enhanced Multi Color Moving Average an interesting alternative!
Description
- Indicator visualizes when the Momentum ocillator changes condtion. This works very nicely in conjunction with trend based indicators.
- You can choose if the color change is expressed from one of two conditions:
- 1. One color when line is above the Zero line and one color when line is below the Zero line.
- 2. One color for upward line movement and one color for a downward movement.
Key Features
- NOTE: This indicator has a sophisticated plotting method that eliminates the typical "mis-paint" problem associated with NT multicolor lines. The plotting of trend changes is guaranteed accurate regardless of what CalculateOnBarClose is set to (true or false).
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