PROTECTED SOURCE SCRIPT
Updated Price By Time - Momentum Flow : Pretty Edition - Aurora Borealis
The Price By Time: Momentum Flow indicator provides a visual representation of market momentum using a colored glow around the price line.
Teal-Green indicates upward (bullish) momentum,
Violet indicates downward (bearish) momentum,
and Pale Blue represents neutral or weak momentum.
The brightness of the glow reflects trend strength, with brighter glows indicating stronger momentum and a likely trend continuation, while fading glows suggest weakening momentum or a potential reversal. Changes in color serve as visual cues for possible trend shifts.
Traders can use this indicator to confirm trend direction, identify optimal entry and exit points, and anticipate changes in momentum, ideally in combination with other technical tools such as support/resistance levels, RSI, or MACD for more robust analysis.
Teal-Green indicates upward (bullish) momentum,
Violet indicates downward (bearish) momentum,
and Pale Blue represents neutral or weak momentum.
The brightness of the glow reflects trend strength, with brighter glows indicating stronger momentum and a likely trend continuation, while fading glows suggest weakening momentum or a potential reversal. Changes in color serve as visual cues for possible trend shifts.
Traders can use this indicator to confirm trend direction, identify optimal entry and exit points, and anticipate changes in momentum, ideally in combination with other technical tools such as support/resistance levels, RSI, or MACD for more robust analysis.
Release Notes
UpdateProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.