Momentum Pinball

Momentum Pinball

Based on a classical RSI formula, this indicator use the intraday price changed difference from the previous day, instead of the close.

It results a fast and accurate view of price acceleration (great momentum) of the current daily candlestick compared to analysed periods (14 periods in the code example).

I marked examples of how to interpret the indicator on the above screenshot. When the oscillator value exceed the 60 level area, it should warn you of a large bullish pressure, and a bearish one when its below the 40 level.

 

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Bon Zo • 09/02/2016 #

    Your trading indicators are awesomes.

    • Nicolas • 09/02/2016 #

      Thanks a lot Bon Zo. Spread the news everywhere you go 🙂

  2. Bon Zo • 09/02/2016 #

    i don’t really want to tell others my secret but maybe i could share this page on my facebook account. 

  3. Renato Di Lorenzo • 09/02/2016 #

    Hi Nicolas; what is Dclose?

    • Nicolas • 09/02/2016 #

      It’s the Daily close. Dclose

    • Renato Di Lorenzo • 09/02/2016 #

      ok, clear; I understand that Dclose(0) is not constant during the current day and is equal to the close of the last intraday bar, while Dclose(1) is obviously constant during the current day. Correct.
      Is there some reason for this choice instead of using a more “normal” sliding close? I think there is.

  4. Nicolas • 09/02/2016 #

    @Renato
    I have this code in my indicators list since a while and honestly I don’t remember from what I converted it from .. Daily OHLC used in intraday charts also make sense, even if this one is I think much clearer on a Daily one.

  5. Renato Di Lorenzo • 09/02/2016 #

    Agree; thanks.

  6. rpreviteri • 09/02/2016 #

    Hi Nicolas, thanks a  loto for sharing your knowliedge, Wasn’t the original momentum pinball  with ROC  rather than exponential average? Best regards 
     

  7. air • 09/02/2016 #

    Thank you!
     

  8. elanoa • 282 days ago #

    Buonasera sig. Nicolas……sarebbe possibile far in modo che quando l’indicatore raggiunga livelli si 40 oppure di 60 vengano indicati mediante simboli ( o frecce) direttamente sul grafico dei prezzi? Grazie.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
bolsatrilera
2 weeks ago
supertiti Hola Ale Can we have this same code from Nicolas's code in smoothed heikin Ashi? Sorry...
ALE Ok, We can discuss in the topic "3D Candlesticks TOPIC" Write me more details
Gianluca Hello Nicolas, my prt become stuck when i load the indicator, is there any problem with it?
m-zeter Has anyone found a solution for Sofitech? Would it be possible to draw two lines? An upper l...
m-zeter Hm, i dont know exactly why, but I think, that the indicator needs lots of power. I need als...
Nicolas
3 months ago
enricot Ciao Nicolas scusa se ti scrivo qui, ma sono nuovo e nn riesco a creare un nuovo post, cio...
enricot Scusa nn riesco.
SoloContado If you smooth the signal using a "summation" function, you get a nice "crossing of 0" graph....
criscolci Thanks a lot!
Bard Cheers for doing Ehler's latest indicator Despair, much appreciated.
apachx Hi. Please, describe the algorithm in words. I want to understand how it works, but for now...
Daniel da Costa Thanks Doc! Where can you find a service for Dax with a 1 point spread?
Doctrading Hello. I suggest you : ProRealTime CFD, or IG. Best regards,
JanWd Hey Doctrading, I tried your code, optimising the A and V and the RSI period, see below. ...
Matriciel
5 months ago
Alai-n Thanks...
Nicolas
6 months ago
hartgeld Hallo Nicolas, ein sehr guter Indikator, vielen Dank! Leider rechnet er bei mir nicht die Pe...
Nicolas Changer la base de périodes du RSI original ? Le RSI a du "retard" puisqu'il est toujours né...
macbartin merci, je voulais savoir quel paramètre il faut modifier sur votre indicateur pour le modifi...
Nicolas Cet indicateur est dynamique, il n'utilise pas de période fixe
styrke Hello Nicolas, Nice screener, I appreciate the way you always try to condense at maximum th...
Nicolas There's no particular reason. RSI is widely use with its default period and results seems re...
MaoRai54 Hi, first of all Happy New Year. Well, I've inserted your indicator in DAX 1h but I cann...
Vinks_o_7 Hi Mao Happy New Year ! This is just an improved RSI where you plot a standard price momen...
Angel Perez Ciao Francesco. First of all thanks for the indicator and also fro the screener. I do have a...
fabioerliam Grazie! Buona giornata
fabioerliam Ciao Francesco! Ti disturbo ancora per chiederti se conosci o se eventualmente pensi si poss...
fabioerliam P.s. ho provato a togliere le divergenze nascoste (hd) dall'indicatore, ma nonostante inseri...
Nicolas Formule de l'indicateur Momentum: Le Momentum se calcule avec une simple soustraction pour ...
Roberto1 Hi, can this code be converted for the Nanotrader Platform or for the MT4 Platform?
Nicolas This website is dedicated for PRT programming, but you can still ask for private coding with...

Top