NOTE: Only Works on BTC.
All testing was done on 1hr Timeframe.
Past performance Is no guarantee of future results.
This is a experimental indicator – use at your own risk.
DepthHouse BTC Momentum Oscillator is an advanced tool to help determine Bitcoin Market Momentum.
The separate back test script which is included with a subscription to the BTC MO is designed to aid traders in finding the best indicators settings to match their trading style.
—BTC MO SIgnals—
Signal Line: Generally, if the Signal Line is greater than 0, then there is more bullish momentum in the market
Tops & Bottoms: Signals used to help spot where BTC 0.51% momentum may have topped or bottomed out
Possible Divergences: Used to help spot possible reversals on continuous trends
—oh92’s Preset Setting—
Scalper: (20,11,17,6) Very reactive settings that I use while day trading. However, faster settings generally increase the chance of false signals(20,11,17,6)
Swing Trader: (5,25,55,10) Greatly reduces noise for my longer time trades. Generally makes ‘tops’ and ‘bottoms’ more accurate. Which can be a huge advantsge in spoting an earnly trend reversal
Custom: Allows user adjustments of all settings
—Built-in-Alerts—
- Tops
- Bottoms
- Bearish Divergences
- Bullish Divergences
- Signal Line Crossovers
Link to the original TradingView Script posts:
