INVITE-ONLY SCRIPT

TradingWhale - Trend Momentum Algo (premium)

Updated
© TradingWhale trading indicators, individually and in combination, are designed to have the following features:
- Minimizing the ‘noise’ of normal price fluctuations of the underlying securities and exposing their natural oscillations and patterns while still providing quick response time at the edge of trend reversals.
-Providing accurate signals for trend-reversals before they happen so traders can maximize profit and reduce risk. To be fully transparent, this can’t always be achieved for every ticker and every time frame.
-Optimizing entry and exit for both long and short positions and thus improving the risk/reward ratio of the trade. We strongly believe in buying into weakness and selling into strength at the point of trend reversal, so we designed indicators with that goal in mind. We urge our users not to underestimate the impact this strategy can have on trading results. It is even more important when trading options and other highly leveraged instruments.

Btw, we would never ask our users to use our indicators with esoteric chart types such as Heikin Ashi, Renko, Kagi, Point & Figure, and Range, which produce unrealistic results. We prefer candles with no wick. Also see our disclaimer at the bottom.
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Trend Momentum Algo
This indicator accurately identifies the current trend’s changes in momentum for the underlying security. The proprietary algorithm is based on a momentum oscillator in combination with multiple EMA signal lines. In the standard setting users will only see a blue or red indicator area and the curvature of the indicator. In the detailed view, all lines are exposed.

Benefits
- Correctly identifies changes in trend strength
- Provides early warning signs of an expiring trend
- Works for all timeframes
- Settings for simplified and detailed view
- By itself it can be used as a profit-taking indicator

Signals
- Reversal of the indicator
- Change of color indicates accelerating trend strength or weakness
- Approaching the center line, just before crossing (crossing from above is a signal to go short, crossing from below is a signal to go long)
- Works best in combination with our other indicators
- In the detailed view (all plotting options de-selected), when the outer momentum trendline crosses over the orange line and before crossing the green line is often times a good place to go long or short.

Considerations
When the indicator is further away from the center line after big price moves, indicator reversal and/or color change should not by itself be used as an entry signal for a long or short position. In these cases the indicator is prone to being too early and price can still move in the same direction for quite a while before reversing.

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A friendly word of advice / Disclaimer
Successful trading requires more than professional indicators. It requires things like knowledge, discipline and constant learning, having a plan and executing accordingly. It requires risk management (ie. setting stop losses), position-sizing and many other things being properly managed. That is to say, no indicator in the world can by itself make you a successful trader or investor, just like an great kitchen knife doesn’t make you a chef and a Formula 1 car doesn’t make you a professional race driver. What our indicators can do is provide you with the context to better understand market patterns and use them to make high-probability trades confidently.

For those new to trading or technical analysis, we always recommend a demo account until you feel confident in using our indicators.
Release Notes
Improved color contrast of blue fill in dark mode.
Release Notes
bug fix
Release Notes
tooltip added
Release Notes
settings
Release Notes
- Added Mohren Momentum Congestion (MMC) Dots:
- These points mark important price levels that allow good points of entry or exit
- The bigger and lighter colored dots are 'safer' than smaller, darker dots
- This has to be evaluated based on underlying and in conjunction with other indicators, such as our Long & Short Entry & Exit Optimizer and others.
Momentum Indicator (MOM)Trend Analysis

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact tradingw999 for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

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