Dynamic Momentum Oscillator with Adaptive Thresholds

Dynamic Momentum Oscillator with Adaptive Thresholds (DMO-AT)

This advanced indicator is designed to provide traders with a robust tool for identifying momentum shifts, overbought/oversold conditions, and potential reversals in any market. Unlike traditional oscillators with fixed thresholds, DMO-AT uses adaptive levels that adjust based on current volatility (via ATR) and incorporates volume weighting for more accurate signals in high-volume environments.

#### Key Features:
- **Momentum Calculation**: A normalized momentum value derived from price changes, optionally weighted by volume for enhanced sensitivity.
- **Adaptive Thresholds**: Overbought and oversold levels dynamically adjust using ATR, making the indicator adaptable to volatile or ranging markets.
- **Signal Line**: An EMA of the momentum for crossover signals, helping confirm trend directions.
- **Divergence Detection**: Built-in alerts for bullish and bearish divergences between price and momentum.
- **Visual Enhancements**: Background coloring for quick zone identification, dashed static lines for reference, and a customizable stats table displaying real-time values.
- **Alerts**: Multiple alert conditions for crossovers, zone entries, and divergences to keep you notified without constant chart watching.

#### How to Use:
1. Add the indicator to your chart via TradingView's indicator search.
2. Customize inputs: Adjust the momentum length, source, ATR length, and threshold multiplier to fit your trading style (e.g., shorter lengths for scalping, longer for swing trading).
3. Interpret Signals:
- **Crossover**: Momentum crossing above the signal line suggests bullish momentum; below indicates bearish.
- **Zones**: Entering the overbought (red) zone may signal a potential sell; oversold (green) for buys.
- **Divergences**: Use alerts to spot hidden opportunities where price and momentum disagree.
4. Combine with other tools like moving averages or support/resistance for confluence.
5. Enable the stats table for at-a-glance insights on the chart.

This indicator is versatile across timeframes and assets, from stocks to crypto. It's optimized for clarity and performance, with no repainting.