🥢 Crypto-Sticks™: Chande Momentum Osc by Cryptorthyhms🥢 Crypto-Sticks™
A new series of indicators brought to you by Cryptorthyhms...giving you an alternate look at your trusted favorites!
🚀 Indicator Specific Info
I have found this indicator to show nice divergences as shown on the main chart. Even in this nightmarish sideways bitcoin movement, it still is giving decent divergence signals! It also gives a signaling system to CMO implementing overbought and oversold zones. This indicator is freely available for anyone from the public library.
🚀 Crypto-Sticks General Info
💭This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).
📊Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. Here's how it looks as Heiken Ashi:
🔊Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility ( yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise. Here is Volume Weighted + Heiken Ashi:
👍Enjoying this indicator or find it useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly.
💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
Cryptorthyhms
📊 Crypto-Sticks: Chande Momentum Oacillator 1.0 by CryptorthyhmsFirst release from the Crypto-Sticks series of indicators... brought to you by Cryptorthyhms!
🚀 Indicator specific Info
I find this implementation of CMO useful for spotting divergences and for creating signals based on the indicator. Some divergences were highlighted on the chart/indicator showing you potential use cases.
🚀 Crypto-Sticks General Info
💭The idea behind this series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).
📊Its basically reinterpretations/remixes of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier.
🔊Lastly I implemented a Volume Weighting system for them all which simply normalizes volume and integrates it into the formulas for these indicators. For the most part this feature is experimental and doesnt provude huge utility (yet - I have other ways I want to try it as well - just no time).
💠I have found the candlestick implementation offers some unique perspectives and I hope you find it useful!
👍If you enjoy the indicators, feel free to give it a like and follow me! Many more free indicators to come in this series.
💬Questions? Comments? Want to become a subscriber and gain access to tons of powerful custom indicators? Join us on our telegram which is linked in my signature below!
