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DecisionPoint Price Momentum Oscillator [LazyBear]The DecisionPoint Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change calculation that is smoothed twice with custom exponential moving averages. Because the PMO is normalized, it can also be used as a relative strength tool. PMO can be used in many ways: - PMO can be used to determine the OB/OS state. While the +2.5 to -2.5 is the usual range for broad stock market indexes, each price index will have its own “signature” range. You may have to tune this for your instrument. - PMO triggers buy/sell on signal crossovers and ZERO crossovers. - Common patterns like BullKiss, BearKiss are useful to track. See the link below for more info. - Divergences. - Histo-only mode that can be used similar to MACD-Histo. I have exposed all params as configurable. Have fun tuning :) Don't forget to share what you found for your instrument. More Info: stockcharts.com List of my public indicators: bit.ly List of my app-store indicators: blog.tradingview.com Some Sample Charts: TWTR: MSFT: GOOGL:
Pine Script® indicator
by LazyBear
47
Ehlers Smoothed Adaptive Momentum [LazyBear]Bored of Ehlers yet? :) I still have plenty of Ehlers in my collection, was thinking of publishing one of his Fishers or Adaptive RVI next, but @ChartArt requested Smoothed Adaptive Momentum (SAM), so here we go... This is my 200th script (not including the variations and other custom scripts I shared over PM). My complete list of indicators here - bit.ly Now, about the indicator :) This smoothed adaptive momentum is straightforward to use (per Ehlers original rules). If it crosses above zero buy the next open, if it crosses below zero sell the next open. Of course, I strongly suggest filtering the signals. Finally, here's an Ehlers-only chart to help determine where BTC is heading :P More info: - Ehlers CG Oscillator: - Cybernetic Analysis for Stocks and Futures (Ehlers) List of my public indicators: bit.ly List of my app-store indicators: blog.tradingview.com --Updated chart-- Here's the chart with barcolors ON (forgot to turn it on in the published one)
Pine Script® indicator
by LazyBear
7
GKD-C Blau Candlestick Momentum Indicator [Loxx]Giga Kaleidoscope GKD-C Blau Candlestick Momentum Indicator is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading. What is the NNFX algorithmic trading strategy? The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community. The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management. Here are the main components of the NNFX trading system: 1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines. 2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades. 3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages. 4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade. 5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level. 6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing. Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels. Core components of an NNFX algorithmic trading strategy The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm: 1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc. 2. Baseline - a moving average to identify price trend 3. Confirmation 1 - a technical indicator used to identify trends 4. Confirmation 2 - a technical indicator used to identify trends 5. Continuation - a technical indicator used to identify trends 6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown 7. Exit - a technical indicator used to determine when a trend is exhausted What is Volatility in the NNFX trading system? In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period. True range is calculated as the maximum of the following values: -Current high minus the current low -Absolute value of the current high minus the previous close -Absolute value of the current low minus the previous close ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses. Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass What is a Baseline indicator? The baseline is essentially a moving average, and is used to determine the overall direction of the market. The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR). Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail. By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend. What is a Confirmation indicator? Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI). The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend. Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators. In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades. What is a Continuation indicator? In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy. What is a Volatility/Volume indicator? Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa. By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements. What is an Exit indicator? The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy. The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses. In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor. Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time. How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above? Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are: 1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm) 2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm) 3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm) 4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm) 5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm) (additional module types will added in future releases) Each module interacts with every module by passing data between modules. Data is passed between each module as described below: GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy. This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm. What does the application of the GKD trading system look like? Example trading system: Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles Baseline: Hull Moving Average Volatility/Volume: Hurst Exponent Confirmation 1: Blau Candlestick Momentum Indicator as shown on the chart above Confirmation 2: Williams Percent Range Continuation: Fisher Transform Exit: Rex Oscillator Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain. Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm) Standard Entry 1. GKD-C Confirmation 1 Signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 6. GKD-C Confirmation 1 signal was less than 7 candles prior Continuation Entry 1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously 2. GKD-B Baseline hasn't crossed since entry signal trigger 3. GKD-C Confirmation Continuation Indicator signals 4. GKD-C Confirmation 1 agrees 5. GKD-B Baseline agrees 6. GKD-C Confirmation 2 agrees 1-Candle Rule Standard Entry 1. GKD-C Confirmation 1 signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 1-Candle Rule Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 1 signal was less than 7 candles prior Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees PullBack Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is beyond 1.0x Volatility of Baseline Next Candle: 1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees █ GKD-C Blau Candlestick Momentum Indicator What is Blau Candlestick Momentum Indicator? The Candlestick Momentum Indicator is a technical analysis indicator developed by William Blau and described in his book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. It measures the difference between the current close price and the open price of a certain number of bars ago. The values of the Candlestick Momentum Indicator are normalized by absolute values and mapped into the interval . The Candlestick Momentum Indicator is calculated using the following formula: CMtm(price1,price2,q,r,s,u) = 100 * EMA(EMA(EMA(cmtm(price1,price2,q),r),s),u) where: - price1: close price - price2: open price q bars ago - q: number of bars used in calculation of Candlestick Momentum - cmtm(price1,price2,q): Candlestick Momentum - CMtm(price1,price2,q,r,s,u): Triple smoothed Candlestick Momentum - EMA(...,r): first smoothing - exponentially smoothed moving average with period r, applied to Candlestick Momentum - EMA(EMA(...,r),s): second smoothing - EMA of period s, applied to result of the first smoothing - EMA(EMA(EMA(...,r),s),u): third smoothing - EMA of period u, applied to result of the second smoothing . The input parameters for this indicator are: - q: number of bars used in calculation of Candlestick Momentum (default value is 1) - r: period of the first EMA applied to Candlestick Momentum (default value is 20) - s: period of the second EMA applied to result of the first smoothing (default value is 5) - u: period of the third EMA applied to result of the second smoothing (default value is 3) - AppliedPrice1: price type (default value is PRICE_CLOSE) - AppliedPrice2: price type (default value is PRICE_OPEN) . Requirements Inputs Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator Confirmation 2: GKD-C Confirmation indicator Outputs Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator Confirmation 1: GKD-C Confirmation indicator Continuation: GKD-E Exit indicator Solo Confirmation Simple: GKD-BT Backtest strategy Additional features will be added in future releases.
Pine Script® indicator
by loxx
Momentum Trend Strength (MTS) *Julian_Acunja*Momentum Trend Strength (MTS) The Momentum Trend Strength (MTS) indicator visually represents market momentum directly on your chart. By clearly highlighting momentum direction and intensity, traders can easily recognize shifts in market sentiment and anticipate potential turning points. Traders can easily adjust the sensitivity and smoothing parameters, making it adaptable to diverse market conditions and trading strategies. 🔹 USAGE The Momentum Trend Strength indicator helps traders intuitively detect market momentum, enhancing their ability to anticipate and respond dynamically to changing market conditions. Traders typically interpret three main scenarios using this indicator: 🚀 Momentum Acceleration: An expanding green line above recent price action signals increasing bullish momentum, suggesting buyers are gaining strength. Conversely, a downward-expanding red line below price action indicates stronger bearish momentum, signifying increasing selling pressure. 🔄 Momentum Reversal: A clear shift from red to green (or vice versa) often signals potential momentum reversals, providing traders with timely indications of possible market turns or shifts in sentiment. ⚖️ Momentum Consolidation: When the indicator remains near the price line, it suggests weak momentum and potential market consolidation. Traders might interpret this as a range-bound market environment, adjusting their strategies accordingly. By carefully monitoring these momentum shifts, traders can gain deeper insights into the underlying market dynamics and better prepare for future price movements. 🔹 DETAILS The indicator’s momentum visualization is presented directly over the current price action, enhancing traders' ability to rapidly interpret momentum without additional chart clutter: ✅ Green Line: Positive momentum (bullish bias). ❌ Red Line: Negative momentum (bearish bias). The vertical distance between the Momentum Trend Strength line and price visually indicates momentum intensity: Larger distance: Signifies stronger market momentum. Smaller distance: Suggests weakening momentum or neutral conditions. 🔹 Interpretation Key interpretations include: Bullish Confirmation: Sustained green lines indicate robust buying activity and confirm bullish trends. Bearish Confirmation: Persistent red lines suggest strong selling pressure and validate bearish market sentiment. Early Reversal Signals: Color transitions alert traders to potential market reversals, providing early opportunities to reassess trades. 🔹 Practical Application Traders commonly integrate Momentum Trend Strength (MTS) into their broader trading strategies by: Confirming directional trends alongside price action analysis. Identifying optimal trade entry and exit points during momentum shifts. Reducing market noise through customizable smoothing, enhancing clarity of momentum signals. 🔹 SETTINGS 📌 Momentum Parameters Length: Adjusts sensitivity for momentum detection, influencing how quickly momentum shifts are identified. EMA Smoothing: Determines the level of noise filtering, balancing signal responsiveness and smoothness. 📌 Visualization Automatic color adaptation clearly signals bullish or bearish momentum. Simple default visualization settings optimize usability for traders across various markets and timeframes. 🔹 ADDITIONAL NOTES The Momentum Trend Strength (MTS) indicator provides traders with a straightforward yet powerful visualization of momentum directly on the price chart. Its intuitive nature and adaptive settings make it a valuable addition to various trading approaches and analytical methods, helping traders confidently interpret market movements and momentum dynamics in real-time.
Pine Script® indicator
by Julian_Acunja
Smoother Momentum Stops [Loxx]Smoother Momentum Stops (SMS) is a dynamic tool that combines the logic of momentum and moving averages to create an overlay of the market price and generate potential trade signals. The original idea for this indicator comes from the beloved and esteemed trading indicator guru Mladen Rakic. Understanding the Framework The SMS incorporates various aspects of technical analysis, including momentum calculation, several types of moving averages, and an intelligent stop-and-reverse system that determines when to enter and exit trades. The indicator initiates by defining the color scheme for visualization, specifically green for bullish trends and red for bearish trends. It further utilizes the 'smmom' and 'fema' functions to calculate smoothed momentum and fast exponential moving averages, respectively. The values computed by these functions are central to the signal generation process. Momentum Calculation The 'smmom' function serves to calculate a smoother momentum by taking a source (such as the closing price) and a period as inputs. This function employs a complex algorithm involving exponential moving averages (EMA), wherein two EMAs are calculated with different smoothing factors, and the difference between the two results is returned as the output. This smooth momentum calculation assists in eliminating unnecessary noise from the market and delivers more reliable momentum readings. Moving Averages Computation One key feature of the SMS is the ability to select from five different moving average types: Exponential Moving Average (EMA), Fast Exponential Moving Average (FEMA), Linear Weighted Moving Average (LWMA), Simple Moving Average (SMA), and Smoothed Moving Average (SMMA). The 'variant' function assigns the chosen method to the '_avg' variable, which is then used in the trade signal logic. Trade Signal Generation SMS employs a complex yet robust mechanism for generating trade signals. A stop-and-reverse system is established, which works on the principle of momentum. If the smoothed momentum is positive, an upper stop is determined and if the momentum is negative, a lower stop is defined. The process continues by defining long and short entry conditions. The indicator goes long when an upper stop exists, and the previous bar had a lower stop, signifying a shift in momentum. The short entry condition is the opposite: the indicator goes short when a lower stop exists, and the previous bar had an upper stop. Alerts are generated for each of these conditions, helping traders to take timely action. Visual Representation and UI Options In terms of visual representation, the indicator plots upper and lower stops, employing green color for upper and red for lower stops. If the option to color bars is chosen, the entire bar is colored green or red, based on whether an upper or lower stop exists. This feature allows traders to visually comprehend market conditions better. Support and reisstance levels are also provided for visual context. Conclusion The Smoother Momentum Stops indicator is a potent tool for traders seeking to optimize their trading strategies. It blends the fundamentals of momentum and moving averages, resulting in a robust system that provides clear, reliable, and timely trading signals. By adjusting the smoothing type and period parameters, traders can customize the indicator to fit various market conditions and asset types, thereby adding a layer of flexibility to their trading strategies. The use of a stop-and-reverse system adds a layer of risk management by offering precise entry and exit points based on momentum shifts. These stops are not just mere levels of entries or exits, but they reflect the undercurrent of the market's momentum, thus providing a dynamic framework to make informed trading decisions. Additionally, the SMS indicator offers visual simplicity. The color-coded bars and distinct symbols for long and short positions make it easier for traders to interpret the signals and market direction quickly. Combined with the alert system, it ensures that traders never miss an important trading opportunity. Finally, the power of the SMS indicator lies in its adaptability and comprehensive approach. By providing a selection of moving averages and an intelligent momentum-based system, it encapsulates various aspects of market behavior. As such, it is a useful tool not just for momentum traders, but for any trader who understands the significance of moving averages and momentum in predicting market movements. In conclusion, the Smoother Momentum Stops indicator stands as an innovative, adaptable, and powerful tool for the modern trader. Its blend of flexibility, dynamic risk management, and straightforward visualization offer a comprehensive solution for traders looking to navigate the complex world of financial markets. With a detailed understanding of its workings as presented in this essay, traders can harness its full potential to optimize their strategies, manage risk, and achieve their trading objectives.
Pine Script® indicator
by loxx
3
[EDU] RSI Momentum BandsRSI Momentum Bands serve a purpose to find best RSI momentum for entering a trade. Indicator is built simply: 1st RSI MA is smoothed RSI by little period, 2nd RSI MA is smoothed RSI by a bigger period. Then we calculate standard deviation from the 2nd MA and make upper and lower band. The rules for trades are simple: When RSI is above higher band - Buy ; When RSI is below lower band - Sell . The indicator is for educational purposes only to present trades a momentum bands concepts, widely used across professionals. Hope you will find it helpful. Take your profits! - Tarasenko Fyodor
Pine Script® indicator
by tarasenko_
2
OBV with Volume/Momentum DivergenceCredits go to vyperphi696 and LazyBear for the original OBV with Divergence script. This indicator has the new option to check for momentum divergence, which I have done by adding RSI and MACD data. Hence the indicator allows combined testing of volume and momentum divergence. This feature aims to improve trend reversal detection by reducing false positives. In summary, 3 divergence categories are shown by default as lines: Volume + RSI + MACD  (dark green/red) Volume + RSI / Volume + MACD  (light green/red) Volume  (gray) Line colors can be adjusted via plot settings. Therefore it is also possible to distinguish Volume + RSI and Volume + MACD divergence if necessary. Lastly, I edited the indicator scaling mechanism when changing from one timeframe to another; the transitions are smoother now. This only applies when auto-scaling is off.
Pine Script® indicator
by PeakFox
2
Renko - RSI MomentumIn essence this Renko trading system is the following: 1. Momentum based entries 2. Trend trading system (small losses, big wins) 3. As well as a trend continuation system ------------------------------ !IMPORTANT! ------------------------------ - You MUST have a Pro+ account. Why? Cause Renko NEEDS to run on 1min or 5min chart, nothing larger. If you don't, the chart will repaint . ------------------------------ CHART SETUP ------------------------------ 1. Set chart to Renko 2. Set period of chart to 1 min (or 5 min) 3. Set Renko box size method to "Traditional" 4. Set Renko box size to: - JPY Pairs: 0.2 to 0.4 - Other Major/Minors: 0.002 - 0.004 - Exotic pairs: NO IDEA... (I haven't tested them yet) 5. Load the indicator ------------------------------ RULES ------------------------------ Trend Entry An arrow will appear the following conditions are met: LONG: RSI(7) goes above 55 AND price is above the 50 SMA SHORT: RSI(7) goes below 45 AND price is below the 50 SMA Enter immediately after the bar is printed. Counter Trend Entry An orange dot appears when the following conditions are met: LONG: RSI(7) goes above 55 AND price is below the 50 SMA and above the 10 EMA SHORT: RSI(7) goes below 45 AND price is above the 50 SMA and below the 10 EMA I would not suggest entering immediately but rather finding a trendline or support/resistance that is being broken. Exit - Exit when a white bar is printed - OR use your own discretion. Like 2 bars in opposite direction or on EMA cross or hit of support/resistance. ------------------------------ CHART ------------------------------ - Green bars are when the RSI(7) is above 55. - Red bars are when the RSI(7) is below 45. - White bars are when the RSI(7) is between 45and 55. ------------------------------
Pine Script® indicator
by dreampunchboy
15
Edge of MomentumThe script was designed for the purpose of catching the rocket portion of a move (the edge of momentum). Long --When RSI closes over 60, take long order 1 tick above that bar. The closed bar above RSI 60 will be colored "green" or whatever color the user chooses. (RSI > 60) --On a long position, exit will be a closed bar below the ema (low, 10) . The closed bar below the ema will be colored "yellow." (Price < ema) --Note: On a long position there is no need to exit when a closed bar is colored "purple." RSI is just below 60 but above 40. Pullback or chop Short --When RSI closes below 40, take a short order 1 tick below that bar. The closed bar below RSI 40 will be colored "red." RSI<40) --On a short position, exit will be a closed bar above the ema (low, 10). The closed bar above the ema will be colored "purple." (Price > ema) --Note: On a short position there is no need to exit when a closed bar is colored "yellow." Note: You may see a series of purple and yellow bars, that is simply chop. I define chop as RSI moving between 60 and 40. Trade should only be taken above green colored candle(long) and below red colored candle (short). No position should be taken off yellow or purple candle (chop) Again this is designed to catch the momentum part of a move, and to help reduce some entries during chop. It is a simple systems that beginning traders can use and profit from. Note: I don't no shit about coding scripts I just learn from reading others. Enjoy. If you decide to use please drop me a line...suggestions/comments, etc. Best of luck in all you do.
Pine Script® indicator
by NYBKLYN
9
EdgeAnalysisGroup: Momentum Clouds Set-UpWhat do you need turned off and on in the settings to have this exact setup? Bar colours transparency = 100% Lagging Span off Baseline off Conversion line off What is it? This trading strategy is an all in one. This means any additional parameters could make the set-up very noisy. I spent hours developing and back-testing the core of the whole method- volume clouds. The volume cloud is the wavey/much more fluid centralised cloud. These have in essence been left the same with new additions crafted around the volume clouds, the ichi and the momentum indicator. It Uses- Volume MA's Ichimoku Clouds Displacement RSI MACD Even though your fundamental price action will come into play when using this indicator- it does abstract resistance/support zones and trade zones very nicely to make the overall difficulty of the indicator and trading experience much lesser. How to trade on it? Trade edge to edge on the clouds. Mid-section is safe trade area on volume cloud. Trade re-tests / rejections. Watching for 3rd retest + for break back into cloud. Bullish mom + break above vol cloud = Bullish trend. Bearish mom + break below vol cloud = Bearish trend. Stoploss is situational. Example board: BTC/USD 1 Day. ETH/BTC 1 Day. NEO/BTC 4 Hour. Hopefully from these examples, when observing them you are understanding how the clouds work, and how the momentum ties into the whole model, any questions don't hesistant to comment- and feel free to drop me a follow for my hard work too. Thank you for reading, I hope this indicator can aid you, as it is doing with a few of my friends and myself. All information found here, including any ideas, opinions, scripts, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Pine Script® indicator
by XanderCrypto
20
Stochastic Momentum Triangles[TheJackrabbit]This code is invite-only and in the experimental phase. Please contact the author if you are interested in testing. **Stochastic Momentum Triangles ** is a custom indicator designed to integrate multiple dimensions of market momentum into a single, visual framework. Rather than relying on generic oscillators, this tool brings together stochastic calculations, price mapping, velocity measurement, and dynamic visual feedback to offer a layered view of market conditions. #### Key Features and Components - **Stochastic Calculations Mapped to Price Levels** The indicator starts by computing the traditional stochastic oscillator values—%K, %D, and %J—over a user-defined period. These values are then mapped to the current price range. This mapping is achieved via a dedicated function that uses an exponential moving average and a rounding option, thereby linking momentum metrics directly with price dynamics. - **Momentum Velocity and Its RSI** To quantify the rate of change, the script calculates a “velocity” by measuring the difference in the price-mapped stochastic values over a specified lookback period. The resulting velocity values are then processed through a Relative Strength Index (RSI) calculation. This additional layer helps to provide a clearer picture of how rapidly market momentum is changing. - **Triangle Area Measurement as a Volatility Proxy** For each of the K, D, and J series, the indicator identifies the highest and lowest values within a user-specified lookback window and constructs triangles by connecting these extremes with the current value. The area of these triangles is computed, serving as an abstract measure of volatility and the range of price momentum. These areas are displayed alongside the velocity readings in an on-chart table for easy reference. - **Dynamic Interpretation Label** The tool also generates a concise reading in English that summarizes the relationships among the areas and velocity values. For example, it notes when one series, such as J, exhibits both the largest triangle area and the highest velocity. In such cases—suggesting an extended move or potential overextension—the label’s text color changes (to red) to visually alert the trader to an increased likelihood of a reversal. This approach allows traders to quickly assimilate the indicator’s data without overwhelming them with subjective language. - **Additional Visual Elements** Beyond the core calculations, the indicator includes a “momentum box” that captures the range of the stochastic-derived values over recent bars, as well as radial lines that provide a visual connection from the box’s reference point to current values. These elements together offer a structured, multi-faceted view of market dynamics. #### Significance and Effects This indicator takes a measured approach to integrating multiple aspects of market analysis. By combining price-based mapping with traditional stochastic and momentum measurements, it provides traders with: - **A structured framework** to assess market range and momentum changes. - **Visual cues** (such as the dynamic label and color changes) that highlight conditions warranting closer attention. - **Tangible, calculated metrics**—triangle areas and velocity RSIs—that may assist in identifying potential reversal points. Stochastic Momentum Triangles is intended to serve as a supplementary tool for traders who appreciate a quantitative perspective on market behavior. Its design focuses on clear, measurable outputs rather than relying on broad claims, allowing for a calm and thoughtful evaluation of market conditions.
Pine Script® indicator
by jackrabbitrage
DepthHouse - Peak Momentum OscillatorDepthHouse Peak Momentum Oscillator uses advance calculations of linear regression to help determine price momentum and momentum peaks. How to read it: The least opaque columns represent general momentum direction. When these columns are above the zero line, generally there is more bullish momentum in the market. When they are below the zero line, generally there is more bearish momentum in the market. When these columns turn white, it means the price could be losing its bullish or bearish momentum. The more transparent columns in the background represent the lead band, which reacts faster than the general momentum columns. This could be used to as a leading indication of where the market could be heading. Swap Momentum Bands option: This option removes the white columns from the general momentum histogram and in turn only gives signals when strong momentum is present. How to use this Indicator: For 30 days from this release (9/20/18) this indicator will be free to use! Either leave a comment below or feel free to send me a PM After the 30 days from the release you can still try this indicator for FREE! Just leave a comment, or feel free to send me a PM
Pine Script® indicator
by oh92
91
PRO MomentumINVITE ONLY SCRIPT: FEATURES: As its name suggests, PRO Momentum provides non-subjective momentum analysis to traders through automatic pattern detections, covering a wide range of statistically relevant structures in both ranging and trending contexts. Our goal was to provide a professional grade risk management tool capable of providing various signals, which guide the trader in its decision to engage or not in a certain price area filtered by Framework. Nevertheless, both indicators are complex tools requiring extensive learning. To support students in their journey, there is a wide open online community of users in our Discord channel, providing peer-to-peer assistance to progress with the strategy as well as tutored courses. OUTPUTS: To share a brief description of the PRO Momentum functioning, we will scroll through the major set of outputs that are presented to the user. Please note that the indicator is meant to assist from Junior to Senior expertise, to achieve this we have set different base templates right into the indicators. To keep this description simple, we will present the outputs you’ll see with the beginner setup: Momentum Signals: As shown on the chart, there are multiple types of output signals, each corresponding to different momentum patterns. Detailed documentation is available on our website for those seeking in-depth information. Here's a high-level overview: The patterns are divided into three categories, each represented by different colors. Blue and Red signals are used in trending contexts, Gray signals are for ranging contexts, and dark-colored signals are exclusive to reversal contexts, suitable for more experienced traders. Momentum signals are binary outputs, making it easy for users to set alerts. The indicator includes built-in alerts for these groups to streamline the process. However, it’s crucial to remember that momentum signals are not standalone trading signals. The Framework indicator must first filter interesting prices and identify the context. Only then should traders use momentum signals to adjust risk. Sinewave Oscillators: Cyclical analysis is a critical aspect of professional risk management. Markets naturally oscillate, and significant statistical probabilities can be derived from cycle studies. We use a custom-modified version of Ehlers’ sinewave methodology. Cyclical analysis, while somewhat predictive, scans past prices to predict probable future states. Since markets are inherently unpredictable, cycle analysis is used as a confirmation signal in our strategy. Essentially, we filter out all momentum signals that occur outside favorable cyclical conditions. Bearish signals are only exploited if the sinewave is in the top area of the oscillator, and vice-versa for bullish signals. GENERAL STRATEGY: Overall, the PRO Strategy combines two “core” indicators, Framework and Momentum. Framework is plotted on the main chart section as an overlay, it is definitely the most important as it guides the user through the hard process of filtering prices and timeframes that are suitable for technical analysis. On the other hand, PRO Momentum is on a separate oscillator tab under the chart section, it will study the momentum and cyclical structure, also offering automated pattern detection. Ultimately, our strategy is based on collecting and processing non-subjective rules, emanating from the indicators outputs. Essentially, this means that the indicator actually takes care of producing all the necessary binary outputs, leaving you with the remaining task of combining them correctly following the strategy’s patterns. RISK LIMITATION: Even if we provide automated momentum signal detection, there is no “one-click” or "easy-win” solution, the user still needs to carefully review the elements. When applicable pattern rules are confirmed, the user will gather risk-limitation information from both indicators (breakout targets, price confirmations, momentum and cyclical coordination) and decide whether or not to trade according to its own risk profile. If so, the position sizing, stop-loss positioning, risk management and profit targets will all be defined according to the same indicator’s outputs. This effectively suppresses most behavioral and personal biases the trader could introduce, creating a stable and statistical risk management structure aiming for a durable profitability.
Pine Script® indicator
by PRO_Indicators
97
Whale Momentum Wave Oscillator//Credits: @Noldo - Whale Trading System @rumpypumpydumpy - ALMA Ribbons @QuantNomad - Elastic Volume Weighted Moving Average Composite Indicator, created by taking QuantNomad's EVWMA and using that as input for a variation of rumpypumpydumpy's ALMA Ribbons. Each Ribbon had its sub ribbons summed up and then averaged. The averages were then fed through the ta.rsi and the ta.mom functions giving us our momentum waves. Signal line created from the close value being fed through the ta. ema into the ta.rsi then ta.wma then ta.mom function. Why those in that order? No reason in particular just what I stumbled upon after many variations. I then overlayed Noldo's Whale Trading System to view what "whales" were doing, giving us a good view of when capital is flowing into and out the asset which often contradicts the momentum waves prior to trend changes. Provides a nice visual for how capital is moving along with momentum. Can see when smart money is buying up a big dip or of they seem to still be waiting on the sidelines.
Pine Script® indicator
by EsIstTurnt
11
Momentum Timer Pro 2Momentum Timer Pro 2 calculates the momentum of the gradient of two exponential moving averages (one faster and one slower) and puts them through a relative strength index to signal momentum. You may notice a rhythm to this indicator. Because relative strength indexes naturally drag the output signal toward middle of the range and the input of this indicator is the momentum of a gradient (a momentum indicator within a momentum indicator), the signal may imply an overbought or oversold countertrend condition despite an impulsive trend remaining intact. This is a lagging indicator and I suggest you use it similarly to a regular RSI. Enjoy!
Pine Script® indicator
by barnabygraham
Ehlers Smoothed Adaptive Momentum [CC]The Smoothed Adaptive Momentum indicator was created by John Ehlers and this indicator gives a lot of useful information. When the indicator is above 0 then there is very strong upward momentum and when the indicator falls below 0 then there is very strong downward momentum. A very profitable way to use this particular indicator is buy long when the indicator is below 0 and it crosses over it's signal line and then sell of course when you get the first sell signal. I have included strong buy and sell signals in addition to normal ones so darker colors mean strong signals and lighter colors are normal signals. Buy when the line turns green and sell when it turns red. Let me know if you have any other scripts you would like to see me publish!
Pine Script® indicator
by cheatcountry
8
Momentum Theory ScannerMomentum Theory Scanner is a mechanical pattern-recognition watchlist screener that utilizes higher timeframe breakout and peak levels to determine if an asset fits the criteria for a range, continuation, or reversal setup. It searches for ideal higher timeframe conditions that are usually present in high probability setups in order to reduce pre-market analysis time. It can be equally useful for scalpers, day traders, and swing traders. ✅ 8 Symbol Watchlist Scanner ✅ Mechanical Setups for Ranges, Continuations, Reversals ✅ For Scalpers, Day Traders, and Swing Traders ⚠️ Momentum Theory Scanner searches for assets that have the ideal conditions to trade a specific setup. They are NOT signals to be taken blindly without further analysis. --- 📷 INDICATOR GALLERY --- --- ⚡ FEATURES --- ✔ Multi-Timeframe Analysis Displays various higher timeframe information in order to read how an asset is moving with one quick glance. Utilizes icons that serve as visual cues. Watchlist Pair - Symbol in the watchlist Setup Type - Shows the icon of what setup has been found ⭐ Trend Breakout ✨ Trend Breakout (Continuation) 🔥 Continuation 🚧 Range 🚩 Reversal Quick Analysis - Displays bullish / bearish confluence based on breakout / peak bias ↗️↘️ Breakout Bias Alignment 🔼🔽 Peak Bias Alignment 🔀 Breakout and Peak Bias Alignment, but opposite ✅ Breakout and Peak Bias Alignment Previous Bar Close - Shows how the previous bar closed Breakout Fakeout Inside Outside Trigger Type - Shows whether there is a peak breakout or fakeout ⚡ Peak Fakeout 🚀 Peak Breakout Breakout Continuation - Shows if a timeframe has pulled back to the breakout level ▲▼ Counter-Trend Breakout ★ Breakout Continuation Momentum Cycles - Shows which part of the momentum cycle price is currently in 🚩 Breakout Reversal ⛰️ False Breakout 🔥 Trend Reversal / Breakout Continuation Breakout / Peak Bias - Shows the breakout level bias and if the peak has been triggered ✔ Levels Analysis Hover over the symbol name to view which timeframe levels are bullish or bearish and if peak levels have been triggered. ✔ Built-In Presets Create your own custom watchlist or use one of the built-in ones (using Oanda charts) It's recommended to use the same source for all assets in your watchlist whenever possible ✔ Plug-and-Play Automatically changes the relevant levels depending on the viewed timeframe. Just fill in your watchlist, add it to your chart, and start trading! Set the indicator to the following timeframes to view those setups. When the momentum timeframe's peak is triggered, the watchlist state changes. Month Timeframe - 12M / 6M / 3M / Month Momentum Week Timeframe - 6M / 3M / M / Week Momentum H1 Timeframe - 3M / M / W / Day Momentum M20 Timeframe - M / W / D / H12 Momentum M15 Timeframe - M / W / D / H8 Momentum M10 Timeframe - M / W / D / H4 Momentum M5 Timeframe - W / D / H8 / H2 Momentum M3 Timeframe - D / H8 / H4 / H1 Momentum --- 🧰 WATCHLIST STATES --- ⭐ Trend Breakout Setup ✨ Trend Breakout (Continuation) Setup 🔥 Continuation Setup 🚧 Range Setup 🚩 Reversal Setup ✔ Signal Bar Ideal conditions to trade this setup are present, but has not met full setup criteria yet ✔ Signal Cycle Asset has pulled back towards breakout level and possibly getting ready for a continuation ✔ No Setups --- 💡 MOMENTUM THEORY CONCEPT --- The best trade setups are found at swing points for 3 reasons: They are the highest probability point the market will continue pushing. They provide the best Stop Loss protection. They offer the greatest Risk-to-Reward. The goal of trading is to identify when these swing points occur to take the best trade setups. Every swing point consists of a push towards a peak, a peak formation, and a push away from a peak. There is no way to know how long a push towards or away from a peak will last, but the peak formation can be identified by 2 elements: A fakeout of a previous peak level A flip of its last breakout level We can track the movement of the market by looking at which peak level is triggered relative to its breakout level. How price behaves at the previous peak levels shows where momentum is headed. It continues to build towards a new peak until it fakes out the previous peak level and flips its breakout level, creating a swing point. Swing points on the higher timeframes show up as multiple swing points on the lower timeframes, but they often won't be moving in sync. When 2 timeframe swing points get in alignment, the market will move smoothly together. You find the lower timeframe swing point the exact same way you find the higher timeframe one. The market is constantly moving from one swing point to the next in a repeatable cycle. By using higher timeframe breakout levels and peak levels triggered, we can track where we are in this cycle to anticipate its future movement. This is the Momentum Cycle and it repeats itself over and over. By using the exact same concept, we can identify mechanical alignment patterns on the lower timeframes to create setups that work in every phase of the market cycle. Momentum Theory Scanner searches for these patterns inside the watchlist. ✔ Range Setups ✔ Continuation Setups ✔ Reversal Setups --- 📝 HOW TO USE --- ⚠ Click on "Indicators > Invite-Only > Momentum Theory Scanner" to add it to your charts. 1) Create your watchlist or use one of the built-in presets and place it on the timeframe you want to scan for setups (see Features above). Put multiple together if you want more than 8 items in the watchlist. If you don't want to see the price chart, go to "Object Tree and Data Window" and turn off chart visibility. 2) Signal bars / cycles indicate that ideal conditions exist, but are not fully triggered yet. These are the pairs that should initially be focused on. 3) Setups will trigger in real-time and push to the top of the column. ⚠️ Momentum Theory Scanner searches for assets that have the ideal conditions to trade a specific setup. They are NOT signals to be taken blindly without further analysis.
Pine Script® indicator
by nohypetrader
1
Momentum TheoryMomentum Theory is a mechanical pattern-recognition tool for rapid multi-timeframe analysis. It utilizes higher timeframe breakout levels and peak levels to quickly identify multi-timeframe Swing Points that help in setting a bias, formulating a setup, and executing an entry. It takes advantage of the fractal nature of the market by applying one concept for top-down analysis that scalpers, day traders, and swing traders can use. ✅ Rapid Multi-Timeframe Analysis ✅ Mechanical Pattern-Recognition Used to Filter Setups ✅ For Scalpers, Day Traders, and Swing Traders --- 📷 INDICATOR GALLERY --- --- ⚡ ANALYSIS FEATURES --- ✔ Multi-Timeframe Map Displays breakout levels, peak levels, bar flow, and swing points of higher timeframes. Read how the market is moving with a quick glance. ✔ Bar Flow Displays whether the previous higher timeframe bar closed in breakout, fakeout, inside, or outside. Aids to quickly read market flow. There are 4 Bar Types: Breakout , Fakeout , Inside , Outside ✔ Momentum Cycles Displays which part of the Momentum Cycle the timeframe is currently in to anticipate future movement. Read more information below at Momentum Theory Concept ✔ Quick Analysis Calculates a percentage bias based on the position of the higher timeframes to set an overall bias. Great for when trying to narrow down a large watchlist to a few pairs. ✔ Market Snapshots Takes a snapshot of the entire market on all valid trigger bars for future review. Tracks Quick Analysis, Momentum Cycles, and Bar Flow at that exact point in time. Limited to the last 150 entry bars. Use TradingView Bar Replay to access more history. --- ⛰️ LEVELS FEATURES --- ✔ Breakout Bias Shows the location of all the higher timeframe breakout levels and if price is currently bullish or bearish. Breakout bias shows the overall bias of the timeframe. ✔ Peak Bias Shows which peak level has been triggered of the higher timeframe and if price closed above or below it. Peak bias shows the current momentum of the timeframe. ✔ Trigger Bars Displays when the lower and middle timeframes are moving in alignment. Spot when the lower timeframes are starting to move together. ⚠️ Trigger bars are an indication of breakout bias alignment at the lowest timeframes. They are NOT signals to be taken blindly without further analysis. ✔ Automatic Range Detection Detects if the current and higher timeframe is in a range and plots those levels on the chart. Ranges are created when the following 3 bar scenarios occur: Inside Bar - Peaks of current bar closed inside previous bar's peaks Outside Bar - Peaks of current bar are outside previous bar's peaks, but closed inside. Mirrored Fakeout Bars - 2 opposite facing fakeout bars in a row ✔ Key Levels Highlights Highlights the relevant levels for each timeframe and if current price is above or below them. ✔ Visual Elements Highlights key elements like breakout level flips, fakeout bars, intraday session trading times, off session times, and higher timeframe swing points. --- 🔥 OTHER FEATURES --- ✔ Built-In Alerts Multiple built-in alert types to notify you of significant events in the market. ✔ Dark and Light Modes Adjustable theme colors to trade your chart the way you want. ✔ Plug-and-Play Automatically changes the relevant levels depending on the viewed timeframe. No initial settings to configure. Just add it to your chart and start trading! H4 - Monthly Setups / Weekly Momentum H1 -Weekly Setups / Daily Momentum M15 - Daily Setups / H8 Momentum M5 -H8 Setups / H2 Momentum M3 - H4 Setups / H1 Momentum M1 - H1 Setups / M15 Momentum --- 💡 MOMENTUM THEORY CONCEPT --- The best trade setups are found at swing points for 3 reasons: They are the highest probability point the market will continue pushing. They provide the best Stop Loss protection. They offer the greatest Risk-to-Reward. The goal of trading is to identify when these swing points occur to take the best trade setups. Every swing point consists of a push towards a peak, a peak formation, and a push away from a peak. There is no way to know how long a push towards or away from a peak will last, but the peak formation can be identified by 2 elements: A fakeout of a previous peak level A flip of its last breakout level We can track the movement of the market by looking at which peak level is triggered relative to its breakout level. How price behaves at the previous peak levels shows where momentum is headed. It continues to build towards a new peak until it fakes out the previous peak level and flips its breakout level, creating a swing point. Swing points on the higher timeframes show up as multiple swing points on the lower timeframes, but they often won't be moving in sync. When 2 timeframe swing points get in alignment, the market will move smoothly together. You find the lower timeframe swing point the exact same way you find the higher timeframe one. The market is constantly moving from one swing point to the next in a repeatable cycle. By using higher timeframe breakout levels and peak levels triggered, we can track where we are in this cycle to anticipate its future movement. This is the Momentum Cycle and it repeats itself over and over. By using the exact same concept, we can identify mechanical alignment patterns on the lower timeframes to create setups that work in every phase of the market cycle. Identify your own patterns or use the suggested ones below. Watch the Live Trading Examples to see how these patterns are used. ✔ Range Setups ✔ Continuation Setups ✔ Reversal Setups --- 🧩 EXTENDING MOMENTUM THEORY --- If the best trade setups are found at swing points, then that must mean that every trading strategy that's worth learning must have some type of method to identify that specific move. Since Momentum Theory specializes in identifying the swing point, it can easily fit into most trading strategies by removing discretion and inserting a mechanical process to filter your existing strategy's setups. By using only non-negotiable levels such as Previous Day High / Low, you can convert most discretionary patterns into mechanical ones to hopefully help increase your consistency. My hope is that you can build your own library of mechanical setups that are specific to your strategy that go beyond the ones that I've provided. --- 📝 HOW TO USE --- ⚠ Click on "Indicators > Invite-Only > Momentum Theory" to add it to your charts. 1) Determine directional bias on the higher timeframe chart. 2) Identify the cycle and setup pattern on the middle timeframe chart and wait for the momentum timeframe to be triggered. 3) Execute entries when the lower timeframes are aligned. Market is fractal and you can pick whatever timeframe you want for entry. Trade as simple or complex as you want. ⚠️ Trigger bars are an indication of breakout bias alignment at the lowest timeframes. They are NOT signals to be taken blindly without further analysis. --- 🎞️ LIVE TRADING EXAMPLES --- Market Analysis with Momentum Theory Day Trading with Mechanical Setups (using Momentum Theory Scanner) Momentum Theory Scalping Concepts - Asia Session - GOLD
Pine Script® indicator
by nohypetrader
4