ProfitOclock_Momentum
Applications of this indicator:
Trend Confirmation: Use momentum indicators to confirm the strength of an existing trend and avoid false signals.
Reversal Detection: Identify potential trend reversals by observing changes in momentum, which might indicate weakening trends.
Trade Timing: Optimize entry and exit points by analyzing momentum trends alongside other technical indicators.
For the best results, follow these rules:
#Buy : When you see the FIRST GREEN triangle on the chart AND upward(Green) moving average line.
#Sell : When you see the FIRST RED triangle on the chart OR downward(Red) moving average line.
A quick check on Nifty stocks based on this indicator is provided in the table:
Fresh Buy: Latest Buy signal on the current candle.
Fresh Sell: Latest Sell signal on the current candle.
Buy Continue: Buy signal has appeared on a previous candle, with no subsequent Sell signal.
Sell Continue: Sell signal has appeared on a previous candle, with no subsequent Buy signal.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Ashutosh00 directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Ashutosh00 directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.