PROTECTED SOURCE SCRIPT
Updated RED: Momentum
RED: Momentum Panel
This indicator is designed to track the balance of buying and selling pressure in the market and highlight key momentum phases.
It simplifies complex conditions into clear momentum states, helping traders quickly understand whether the market is in a strong zone or transitioning.
- Top zones → when selling pressure reaches extreme levels.
- Bottom zones → when buying pressure reaches extreme levels.
- Momentum Bearish → when momentum shifts down after a strong top.
- Momentum Bullish → when momentum shifts up after a strong bottom.
The panel uses a scoring system in the background to filter noise and show only the dominant side (Buy vs Sell).
Horizontal thresholds make it easy to spot when the market enters or exits extreme conditions.
This tool is not meant to give signals by itself but to provide an intuitive view of where momentum stands right now, top, bottom, bullish, or bearish, at a glance.
This indicator is designed to track the balance of buying and selling pressure in the market and highlight key momentum phases.
It simplifies complex conditions into clear momentum states, helping traders quickly understand whether the market is in a strong zone or transitioning.
- Top zones → when selling pressure reaches extreme levels.
- Bottom zones → when buying pressure reaches extreme levels.
- Momentum Bearish → when momentum shifts down after a strong top.
- Momentum Bullish → when momentum shifts up after a strong bottom.
The panel uses a scoring system in the background to filter noise and show only the dominant side (Buy vs Sell).
Horizontal thresholds make it easy to spot when the market enters or exits extreme conditions.
This tool is not meant to give signals by itself but to provide an intuitive view of where momentum stands right now, top, bottom, bullish, or bearish, at a glance.
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This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.