OPEN-SOURCE SCRIPT
Impulse Trend Tracker
👑
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Title:
Impulse Trend Tracker – Candle-Based Momentum & Dynamic Zones
Description:
The Impulse Trend Tracker is a powerful tool for traders seeking to identify high-probability market momentum and key support/resistance areas using a candle-based acceleration model that measures rapid increases in price movement relative to preceding candles. This approach highlights when the market is trending, slowing, or reversing, helping traders make timely decisions.
Key Features:
• Impulse Detection: Identifies bullish and bearish trend impulses by measuring rapid candle acceleration relative to prior bars.
• Momentum Loss: Detects when price movement slows or stalls, indicating potential trend pauses or reversals.
• Dynamic Supply & Demand Zones: Automatically generates bullish (demand) and bearish (supply) zones based on recent price action and customizable candle counts.
• Mitigation & Broken Zone Handling: Optionally dims or deletes zones that are mitigated or broken, keeping your chart clean and focused.
• Alternating Impulse Tracking: Ensures bullish and bearish impulses are tracked in sequence for clearer trend visualization.
• Customizable Visualization: Full control over colors for bullish, bearish, neutral candles, and zone fills/borders.
• Alerts: Built-in alert conditions for bullish/bearish impulses and loss of momentum for real-time market reaction.
Inputs & Settings:
• Acceleration Factor (φ) & inverse for impulse detection
• Target Cumulative Displacement for trend thresholds
• Wick ratio filtering for weak or indecisive candles
• Candle count and duration for zone creation
• Options to show, dim, or delete mitigated/broken zones
• Full color customization for candles and zones
Usage:
This indicator helps traders:
• Spot when momentum is accelerating or losing strength in real time
• Identify high-probability supply and demand zones for entries or exits
• Track short-term market structure and trend shifts
• Combine with other strategies for confirmation of trend direction
Technical Notes:
• Works on standard OHLC charts. Non-standard chart types (Heikin Ashi, Renko, etc.) may produce inconsistent impulse signals.
• Historical signals should consider realistic slippage and commissions; past impulses do not guarantee future results.
• This indicator will need to be calibrated by the user to fit your own trading style and instrument you are using. Experiment to master usage.
✝️
Title:
Impulse Trend Tracker – Candle-Based Momentum & Dynamic Zones
Description:
The Impulse Trend Tracker is a powerful tool for traders seeking to identify high-probability market momentum and key support/resistance areas using a candle-based acceleration model that measures rapid increases in price movement relative to preceding candles. This approach highlights when the market is trending, slowing, or reversing, helping traders make timely decisions.
Key Features:
• Impulse Detection: Identifies bullish and bearish trend impulses by measuring rapid candle acceleration relative to prior bars.
• Momentum Loss: Detects when price movement slows or stalls, indicating potential trend pauses or reversals.
• Dynamic Supply & Demand Zones: Automatically generates bullish (demand) and bearish (supply) zones based on recent price action and customizable candle counts.
• Mitigation & Broken Zone Handling: Optionally dims or deletes zones that are mitigated or broken, keeping your chart clean and focused.
• Alternating Impulse Tracking: Ensures bullish and bearish impulses are tracked in sequence for clearer trend visualization.
• Customizable Visualization: Full control over colors for bullish, bearish, neutral candles, and zone fills/borders.
• Alerts: Built-in alert conditions for bullish/bearish impulses and loss of momentum for real-time market reaction.
Inputs & Settings:
• Acceleration Factor (φ) & inverse for impulse detection
• Target Cumulative Displacement for trend thresholds
• Wick ratio filtering for weak or indecisive candles
• Candle count and duration for zone creation
• Options to show, dim, or delete mitigated/broken zones
• Full color customization for candles and zones
Usage:
This indicator helps traders:
• Spot when momentum is accelerating or losing strength in real time
• Identify high-probability supply and demand zones for entries or exits
• Track short-term market structure and trend shifts
• Combine with other strategies for confirmation of trend direction
Technical Notes:
• Works on standard OHLC charts. Non-standard chart types (Heikin Ashi, Renko, etc.) may produce inconsistent impulse signals.
• Historical signals should consider realistic slippage and commissions; past impulses do not guarantee future results.
• This indicator will need to be calibrated by the user to fit your own trading style and instrument you are using. Experiment to master usage.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.