Momentum Indicator (MOM)
Range Action Verification Index (RAVI)Range Action Verification Index (RAVI) indicator script. This indicator was originally developed by Tushar Chande (see his book "Beyond Technical Analysis: How to Develop and Implement a Winning Trading System").
OmenImproved momentum-based trading algorithm based on my previous Merlin V6 script. Adjusted trade filtering rules to improve net return and profit factor on both long and short positions.
Works best with mid time-frame Heikin-Ashi data.
Rapid RSIRapid RSI indicator script. This indicator was originally developed by Ian Copsey (Stocks & Commodities V. 24:10 (16-23): Forex Focus).
Relative Momentum IndexRelative Momentum Index indicator script. This indicator was originally developed by Roger Altman (Stocks & Commodities V. 11:2 (57-60)).
RMI with momentum period of 1 will be equal to an RSI when they have the same period and source price.
Stochastic Momentum IndexStochastic Momentum Index indicator script. This indicator was originally developed by William Blau (Stocks & Commodities V. 11:1 (11-18)).
Heikin-Ashi Strategy + backtest rangeThis is Heikin-Ashi Strategy + Backtest range that I think useful for BTCUSD pair.
Kairi Relative IndexKairi Relative Index indicator script. The Kairi Relative index is an old Japanese metric with unknown origins.
Intraday Momentum IndexIntraday Momentum Index indicator script. This indicator was originally developed by Tushar Chande.
Momentum Fractal VolatilityThis is another modified macd combined with bollinger bands. The idea is to follow this with the momentum indicator I developed and just like when you look at cycle time frame and higher cycle time frame (Barry Burn), here you can see the higher momentum time frame (fractal energy, Barry Burn).
When the macd line goes above/bellow the bollinger band, it changes the color to green/red for easier identifying possible momentum exhaustion places and times.
Momentum OscillatorThis is a heavily modified MACD to show the momentum of the market. There is a bollinger band with the source being set to MACD line to show the volatility of the momentum. The concept and settings came from Barry Burn's foundation course but I discovered that adding a bollinger band to macd line can show the squeeze and expansion of the momentum and that can be very helpful in conjunction with the whole system. If you switch to weekly chart and above, the settings automatically switches to those that Barry uses for none 1 to 3 ratio so you won't need to worry about it.
Configurable TTM SqueezeAdded parameters to change the BB, and KC multiplier.
Also fixed squeeze detection so that it triggers if either top or bottom BB enters the KC.
Momentum Trader Strategy 3.0Momentum Trader 3.0 is a momentum trading strategy which uses volume to confirm market momentum driven moves.
By default it only trades between 0900 and 1530 (designed for futures trading and can be toggled to 24/7)
No repaint issues, what you see is real
Toggles allow you to enable Long or Short independently which may work better or worse for your market
Designed primarily for Day Trading (1-15m interval)
Presently only the Short side is optimized, the Long works but overtrades a bit. I will be adding an option to remove the less useful signals and improve performance.
Momentum Trader is a real and successful momentum strategy (which I use myself). It isn't a miracle 'always win' strategy but it is a steady workhorse. By combining high probability momentum trades and auto stop-losses, it takes a good slice of most rallies, a big slice of the grand drops, and avoids heavy sudden losses.
Momentum Trader can be used in any timeframe. Your success depends on the volatility of the individual market. I recommend trading at 10m and below for high volatility instruments like ES/SPX while low volatility instruments can be traded at the 1h and beyond. At the level of 1D+ it also works as well but naturally as a momentum strategy it may take a while to pivot.
Momentum Trader provides you with 3 long and 2 short entries which represent different levels of risk/reward. Like any real strategy, there can be periods of chop where the strategy will lose (small based on stop-loss) if the market is chopping very quickly back and forth or pivoting suddenly. As a rule, Momentum Trader attempts to avoid most of that by typically flagging trends which are established and confirmed. Different signals give you different degrees of confirmation and thus different risk/reward.
Log MomentumJust like regular momentum indicator except calculated in log space and with a horizontal line centered at zero for easier analysis
MOMENTUM + strong vs weak momentumThis is a unique custom indicator that shows the real momentum of a currency
With this indicator you can easily trade the strong vs the weak momentum
Each line is a currency pair
aqua= eur
yellow=dollar
purple= pound
green=australian dollar
white=yen
orange=canadian dollar
if the square has one of these colors it means moment UP for this currency
If the square is red it means momentum down for the related currency
The trading signal is at the change of color from previous square against one other currency with opposite color
You can access this indicator for a trial period, just ask for access in comments
Trading is a risky business, i'm not responsible for any profit or loss
MPT - MEDIAN PRICE TRADING - custom forex indicator
MPT is a unique custom indicator i created to enter a trade with the right timing
This indicator catches the momentum of a Forex pair and tells you when to enter
It's based on the idea that when the median price in the current timeframe is crossing the median price of the higher timeframe, the momentum is changing and that is an opportunity to trade
red line is median line of current timeframe (default is 1D)
aqua line is projection of past median line on higher timeframe (default is 1W)
white crosses can be used as a trail stop values to follow a trend
when red cross aqua up the background is green and so momentum of the pair is up
when red cross aqua down no background color and momentum down
You can try this indicator for a limited period, just ask for access in comments
If you want unlimited access you can PM me
Trading is a risky business, use it at your own risk. I'm not responsible for any profit or loss
LFOM IndexThe ultimate Momentum Oscillator!
The ticker line act as a common momentum oscillator. When it's orange, the trustability of the overbought/oversold condition is greater.
The thiner line is made to be used on range moments, such as squares or envelopes.
The background collors indicates good moments to buy (green) or sell (red) - the signal is triggered in the very moment that the background color appears.
How to use:
!!!!! DON'T SELL ON STRONG BULL TRENDS AND DON'T BUY ON STRONG BEAR TRENDS!!
When facing a extremely strong bull market, overbought areas must be used as signs to take profits, not points to enter conter positions. The same rule applies to strong bear markets, in which the oversold areas indicates good points to cover position.
Trendstone Squeeze v1.0The idea of the Squeeze is to figure out when the market is primed for a movement. The script is based on the excellent description of John Carter on the second edition of his book. I made a few changes regarding the sources of data, he uses a plain momentum oscillator, I have added an aggressive and a conservative profile. Aggresive profile is good for entries as the oscillator has a faster response while the conservative is better for entries as it will keep you in the trade. In conjunction with other tools like volatility adjusted bands you can create rules that would use both triggers.
