RSING Momentum Indicator

0 918 Views No Comments 2 years ago
  • This is a implementation of the RSING indicator purposed by Alon Horesh

    This indicator measures price momentum strength by taking the following into account

    1. A focus on strength only; The Value of the indicator
    reflects the strength of the price momentum

    2. A positive high value reflects stronger price momentum to the upside
    Negative values reflect strong downward price movement.
    Prices close to zero reflect no momentum in current price action

    3. Volume is an important part of the calculations supporting the
    the price momentum.

    HaasScript Code
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