OPEN-SOURCE SCRIPT
Advisor CORE + MOMENTUM (Weekly) - ROC/EMA
📊 Advisor CORE + Momentum (Weekly)
This indicator provides a high-level diagnostic view of an asset by combining trend, momentum, and market cycle into concise, rule-based recommendations.
It is designed to answer “what is allowed right now”, not to automate trading decisions.
🔹 CORE (Long-Term Context)
The CORE assessment focuses on structural trend and cycle:
Weekly price relative to a long-term EMA
Long-term Rate of Change (ROC)
It helps identify whether the asset is in a healthy long-term phase, a temporary pullback, or a structural deterioration.
Typical outputs:
CORE: BUY / HOLD
CORE: HOLD
CORE: REDUCE
🔹 MOMENTUM (Tactical / Growth Context)
The Momentum assessment evaluates short- and medium-term price strength:
Short- and medium-term ROC alignment
Price behavior relative to the long-term trend
It is intended to determine whether momentum-based strategies are currently supported, in pause, or not advisable.
Typical outputs:
MOMENTUM: BUY
MOMENTUM: WAIT
MOMENTUM: NO OPERATE
🔗 Combined Use
This indicator is designed to be used in combination with:
ROC Triple (13 / 26 / 52)
The ROC Triple indicator provides the visual momentum context, while the Advisor translates that information into structured, high-level guidance.
Used together, they offer both:
Interpretation (ROC Triple)
Decision context (Advisor)
⚠️ Important Notes
This is not a signal generator.
It does not define position size or timing.
Recommendations are contextual, not predictive.
The objective is to standardize market reading, reduce emotional bias, and support consistent decision-making across different market regimes.
This indicator provides a high-level diagnostic view of an asset by combining trend, momentum, and market cycle into concise, rule-based recommendations.
It is designed to answer “what is allowed right now”, not to automate trading decisions.
🔹 CORE (Long-Term Context)
The CORE assessment focuses on structural trend and cycle:
Weekly price relative to a long-term EMA
Long-term Rate of Change (ROC)
It helps identify whether the asset is in a healthy long-term phase, a temporary pullback, or a structural deterioration.
Typical outputs:
CORE: BUY / HOLD
CORE: HOLD
CORE: REDUCE
🔹 MOMENTUM (Tactical / Growth Context)
The Momentum assessment evaluates short- and medium-term price strength:
Short- and medium-term ROC alignment
Price behavior relative to the long-term trend
It is intended to determine whether momentum-based strategies are currently supported, in pause, or not advisable.
Typical outputs:
MOMENTUM: BUY
MOMENTUM: WAIT
MOMENTUM: NO OPERATE
🔗 Combined Use
This indicator is designed to be used in combination with:
ROC Triple (13 / 26 / 52)
The ROC Triple indicator provides the visual momentum context, while the Advisor translates that information into structured, high-level guidance.
Used together, they offer both:
Interpretation (ROC Triple)
Decision context (Advisor)
⚠️ Important Notes
This is not a signal generator.
It does not define position size or timing.
Recommendations are contextual, not predictive.
The objective is to standardize market reading, reduce emotional bias, and support consistent decision-making across different market regimes.
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.