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Double Smoothed Momenta (NT)
- Categories: Indicator, NinjaTrader
- Tags: Momentum, Oscillator, William Blau
- Type: Free
The Double Smoothed Momenta indicator for NinjaTrader is a double smoothed curve of the numerator and the denominator of the stochastic function.
Note: This download requires NinjaTrader 8 release 8.1.3 or newer.
Another valuable momentum indicator. The Double Smoothed Momenta (also known as Double Smoothed Momentum) by William Blau applied double smoothing to the numerator and the denominator of the stochastic function. By doing this, a seemingly smoother momentum indicator is produced, and thus we now have the Double Smoothed Momentum indicator. The user may find it difficult for the main curve to reach the traditional oversold and overbought values and this is understandable given the applied double smoothing. However, and in order to assist with decision making, we have added a signal curve and also allowed for shading between curve to visually aid the user. As with all of our indicators, the user can experiment and manipulate some of the internal workings of the indicator by determining the smoothing method to be applied. See some of the features below.
Double Smoothed Momenta Features:
- Option to choose smoothing period and signal curve period.
- Option to choose the smoothing method to be applied internally.
- Add or remove a shade between the signal and the main curve. Adjust opacity as needed.
Review the screenshots below and the video for setup and demonstration of usage.
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