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vjsharma89
Dec 4, 2018 5:53 PM

FOMO_Momentum_Scalper 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Indicator is easy to work with.
The histogram indicates the momentum.
Nothing fancy but signals are pretty accurate
Dark Green Bars on Histogram - Buying opportunity (Momentum of dump is decreasing)
Dark Red Bars on Histogram - Selling opportunity (Momentum of pump is decreasing)

Works best on 1m chart for those great scalping opportunities. Signals are based on increasing Buy/Sell momentum against the direction of the movement.
Haven't tested on any instrument except BTC.
Haven't tested for divergences but it should do the job.

P.S. It doesn't give too many signals as it waits for extreme conditions.

Release Notes

// Now works for LONG TERM TRADES as well.
// Added Alerts for buy/sell signals
Lemme know in feedback if you find any bug.
:)

Release Notes

// Forgot to mention the timeframes to be used with it.
For scalping - 1m works best
For mid-long term trades - 1hr timeframe

Release Notes

// Forgot to mention the timeframes to be used with it.
For scalping - 1m works best
For mid-long term trades - 1hr timeframe
// Updated the screenshot
Comments
hotwings
VJ - Cant access your domain from any device??

Found you from Croc (guide) and want to try out FOMO (full?) - Do you offer a 2-3 day trial for it? let me know.. HW
yyfyoung
How about HTF, such as 1D, 3D, 1W chart, it also works? Thank you!
vacalo69
Thanks - just to understand: if go to Style -> Strength Signal -> then color 0 is for short and color 1 for long?
Shane73
Awesome, thanks VJ, you are a busy man.
CryptographicAnalysis
Beautiful, thanks so much for this VJ. Can't wait to do some backtesting on this later today. All the best !
vjsharma89
@CryptographicAnalysis,
Thanks
Added alerts and long term trade signals to it.
Have a look.
vjsharma89
@vjsharma89,
Use 1hr for LONG term trade signals
DMadhavi
So nice job thank you
rocketrader
Can you configure this indicator so it works with alts? Right now only seems to work with ETH and BTC. tks
vjsharma89
Can be used for spotting divergences too.
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