INVITE-ONLY SCRIPT
[P][IND] - Momentum Mapper [LokiMilo]
Introducing Momentum Mapper - Your Multiple Price Action Momentum Finder
Start your online trading journey with Momentum Mapper, an advanced tool meticulously engineered to identify price action momentum and offer insights into potential opportunities before they fully emerge. Momentum Mapper provides a streamlined platform for making informed decisions, with a particular focus on price action setups, potentially paving the way for trading success.
HOW IT WORKS
- The indicator primarily focuses on detecting significant price action candles within the last 5 candles, particularly looking for engulfing, pinbar, and big candle patterns, aligning with situations where momentum typically builds up.
- In addition to identifying these patterns, it's recommended to also look for significant support and resistance levels to further confirm potential opportunities and gauge market sentiment.
- Save time by avoiding the need to navigate through various indicators; this combination streamlines the process for traders.
- React promptly to Momentum Mapper's signals and significant support and resistance levels to enable timely responses to evolving market conditions.
- Utilize Momentum Mapper as a tool to enhance confidence in trading decisions by leveraging its insights into momentum trends within the context of price action setups.
- Utilize Momentum Mapper to aid in the development of risk management strategies, helping protect investments while pursuing trading opportunities.
ENTRY, STOP-LOSS, and EXIT STRATEGY
- Entry: Consider entering positions at the close of the corresponding candle signal to confirm market sentiment, with additional confirmation from significant support and resistance levels.
- Stop-loss: Employ risk management techniques, such as placing stop-loss orders at strategic levels, to mitigate losses in adverse market conditions. For example, previous low or immediate support for Long position and previous high or immediate resistance for Short position.
- Exit Strategy: Determine exit strategies based on individual preferences, considering factors such as predefined ratios from stop-loss, fixed ticks, or pips as profit targets, and signals indicating potential market direction reversals, along with shifts in support and resistance.
INPUT SETTING
Oversold Level
- Description: This level is used to identify potential buying opportunities when the RSI drops below this threshold, indicating that the asset might be oversold.
- Usage: Commonly set to a value around 30, but you can adjust it based on your trading strategy.
Overbought Level
- Description: This level is used to identify potential selling opportunities when the RSI rises above this threshold, indicating that the asset might be overbought.
- Usage: Commonly set to a value around 70, but you can adjust it based on your trading strategy.
Long Opportunities: The indicator looks for long (buy) opportunities when the RSI is below the oversold level. This suggests an upward trend with a potential buying point due to the asset being oversold. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
Short Opportunities: The indicator looks for short (sell) opportunities when the RSI is above the overbought level. This suggests a downward trend with a potential selling point due to the asset being overbought. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
INDICATOR IN ACTION
We believe in the importance of understanding and utilizing indicators effectively for trading success. Our aim is to provide a comprehensive and user-friendly tool that empowers traders to make informed decisions based on market dynamics, especially within the context of price action setups.
WHY CHOOSE THIS INDICATOR
- Strategic Combination: Momentum Mapper strategically combines price action criteria with significant support and resistance levels to identify potential market movements, eliminating the need to navigate through various indicators separately and saving traders valuable time.
- Early Detection: By focusing on price action patterns and significant support and resistance levels, Momentum Mapper identifies emerging opportunities, allowing traders to capitalize on momentum trends before they fully develop.
- Enhanced Confidence: Utilize Momentum Mapper to bolster confidence in trading decisions within the context of price action setups. By promptly reacting to its signals and considering significant support and resistance levels, traders can make informed decisions, potentially improving trading outcomes.
- Risk Management: Momentum Mapper not only identifies opportunities but also aids in risk management. Traders can mitigate losses in adverse market conditions by employing techniques such as strategic stop-loss orders, considering significant support and resistance levels.
- Alert Notifications: Enable alerts to receive notifications without being glued to the screen. This feature ensures traders stay informed about potential market movements, even when they're not actively monitoring the platform.
DISCLAIMER
Trading involves inherent risks, and all materials provided by Momentum Forge are for informational and educational purposes only. Past performance does not guarantee future results.
Unlock Your Trading Potential with Momentum Mapper Today!
Explore the possibilities of early momentum detection and its potential impact on your trading journey. Instructions for accessing this indicator are provided below for immediate use.
Your Feedback Matters!
We value your input! Please feel free to comment or reach out with any improvement suggestions or requests for specific indicators. Your feedback is invaluable to us!
Start your online trading journey with Momentum Mapper, an advanced tool meticulously engineered to identify price action momentum and offer insights into potential opportunities before they fully emerge. Momentum Mapper provides a streamlined platform for making informed decisions, with a particular focus on price action setups, potentially paving the way for trading success.
HOW IT WORKS
- The indicator primarily focuses on detecting significant price action candles within the last 5 candles, particularly looking for engulfing, pinbar, and big candle patterns, aligning with situations where momentum typically builds up.
- In addition to identifying these patterns, it's recommended to also look for significant support and resistance levels to further confirm potential opportunities and gauge market sentiment.
- Save time by avoiding the need to navigate through various indicators; this combination streamlines the process for traders.
- React promptly to Momentum Mapper's signals and significant support and resistance levels to enable timely responses to evolving market conditions.
- Utilize Momentum Mapper as a tool to enhance confidence in trading decisions by leveraging its insights into momentum trends within the context of price action setups.
- Utilize Momentum Mapper to aid in the development of risk management strategies, helping protect investments while pursuing trading opportunities.
ENTRY, STOP-LOSS, and EXIT STRATEGY
- Entry: Consider entering positions at the close of the corresponding candle signal to confirm market sentiment, with additional confirmation from significant support and resistance levels.
- Stop-loss: Employ risk management techniques, such as placing stop-loss orders at strategic levels, to mitigate losses in adverse market conditions. For example, previous low or immediate support for Long position and previous high or immediate resistance for Short position.
- Exit Strategy: Determine exit strategies based on individual preferences, considering factors such as predefined ratios from stop-loss, fixed ticks, or pips as profit targets, and signals indicating potential market direction reversals, along with shifts in support and resistance.
INPUT SETTING
Oversold Level
- Description: This level is used to identify potential buying opportunities when the RSI drops below this threshold, indicating that the asset might be oversold.
- Usage: Commonly set to a value around 30, but you can adjust it based on your trading strategy.
Overbought Level
- Description: This level is used to identify potential selling opportunities when the RSI rises above this threshold, indicating that the asset might be overbought.
- Usage: Commonly set to a value around 70, but you can adjust it based on your trading strategy.
Long Opportunities: The indicator looks for long (buy) opportunities when the RSI is below the oversold level. This suggests an upward trend with a potential buying point due to the asset being oversold. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
Short Opportunities: The indicator looks for short (sell) opportunities when the RSI is above the overbought level. This suggests a downward trend with a potential selling point due to the asset being overbought. Refer to "HOW IT WORKS" on the additional technical details of this indicator / strategy.
INDICATOR IN ACTION
We believe in the importance of understanding and utilizing indicators effectively for trading success. Our aim is to provide a comprehensive and user-friendly tool that empowers traders to make informed decisions based on market dynamics, especially within the context of price action setups.
WHY CHOOSE THIS INDICATOR
- Strategic Combination: Momentum Mapper strategically combines price action criteria with significant support and resistance levels to identify potential market movements, eliminating the need to navigate through various indicators separately and saving traders valuable time.
- Early Detection: By focusing on price action patterns and significant support and resistance levels, Momentum Mapper identifies emerging opportunities, allowing traders to capitalize on momentum trends before they fully develop.
- Enhanced Confidence: Utilize Momentum Mapper to bolster confidence in trading decisions within the context of price action setups. By promptly reacting to its signals and considering significant support and resistance levels, traders can make informed decisions, potentially improving trading outcomes.
- Risk Management: Momentum Mapper not only identifies opportunities but also aids in risk management. Traders can mitigate losses in adverse market conditions by employing techniques such as strategic stop-loss orders, considering significant support and resistance levels.
- Alert Notifications: Enable alerts to receive notifications without being glued to the screen. This feature ensures traders stay informed about potential market movements, even when they're not actively monitoring the platform.
DISCLAIMER
Trading involves inherent risks, and all materials provided by Momentum Forge are for informational and educational purposes only. Past performance does not guarantee future results.
Unlock Your Trading Potential with Momentum Mapper Today!
Explore the possibilities of early momentum detection and its potential impact on your trading journey. Instructions for accessing this indicator are provided below for immediate use.
Your Feedback Matters!
We value your input! Please feel free to comment or reach out with any improvement suggestions or requests for specific indicators. Your feedback is invaluable to us!
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 LokiMilo for more information, or follow the author's instructions below.
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