Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
Indicator · Pine Script v6 · Own pane
Momentum (MOM)
This indicator calculates momentum as the difference between the selected source and the same source a set number of bars earlier, measuring the rate of price change.
GitHub stars99on the repository
Pine versionv6current
Lines of code28
Settings2inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
28 lines of Pine Script v6 from lib/momentum/mom/mom.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Momentum (MOM)", "MOM", overlay=false)
//@function Calculates price momentum over specified period
//@param src Source series to calculate momentum for
//@param len Lookback period for momentum calculation
//@returns Momentum value measuring rate of price change
mom(series float src, simple int len) =>
if len <= 0
runtime.error("Length must be greater than 0")
float result = 0.0
if not na(src) and not na(src[len])
result := src - src[len]
result
// ---------- Main loop ----------
// Inputs
i_length = input.int(10, "Length", minval=1)
i_source = input.source(close, "Source")
// Calculation
mom_value = mom(i_source, i_length)
// Plot
plot(mom_value, "MOM", color=color.yellow, linewidth=2)
Overview
Momentum (MOM) plots a single MOM line in a separate pane. Length sets the lookback, with a minimum of one bar, and source selects the series used in the subtraction. It rejects a length of zero or less. It does not generate trade signals, entries, exits, stops, or position sizing.
- Price change over a lookback
- Configurable length and source
- Separate-pane MOM plot
- Zero-length input rejection
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 10 | i_length |
| Source | source | close | i_source |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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