IT_MMeter
An indicator that looks like a MACD and acts like a Stochastic.
Description
MMeter (Multi-Meter)
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The IT_MMeter is a momentum meter that acts like a Stochastic, looks like a MACD, and has a range almost like a CCI. It has adjustable overbought and oversold lines and histogram bars that show upward (blue) momentum, downward (red) momentum and caution (yellow) areas. If used with your favorite indicators it might help determine if you want to take your signals. The picture below is an example using the Scorpion3 and ScorpionPivots indicators.
Change Log
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5/31/10 - Added NT7 version.
6/23/10 - Both versions have been optimized.
