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Momentum Checklist
Momentum Checklist - Visual Trading Dashboard
A clean, easy-to-read dashboard that displays key momentum indicators in one convenient table. This indicator helps traders quickly determine the directional bias of price action by combining ADX, Directional Movement Index (DMI), and Money Flow Index (MFI).
What It Shows:
ADX (Average Directional Index): Measures trend strength. Green checkmark appears when ADX ≥ 20, indicating a strong trending market
DI+ (Positive Directional Indicator): Tracks upward price movement
DI- (Negative Directional Indicator): Tracks downward price movement
MFI (Money Flow Index): Volume-weighted momentum indicator. When > 50 indicates bullish money flow
Bias: Automatically calculates directional bias:
LONG: When DI+ > 25 and DI- < 20
SHORT: When DI- > 25 and DI+ < 20
NEUTRAL: When conditions are mixed
Trading Strategy:
This indicator helps determine the bias of price movement in a certain direction. When coupled with Bollinger Bands, it becomes a very powerful combination to catch those big explosive moves up or down. The momentum confirmation from this checklist combined with Bollinger Band squeezes or breakouts can significantly improve entry timing.
Recommended Usage:
Timeframes: 5-minute to 15-minute charts for optimal performance
Best Assets: US30, XAUUSD (Gold), BTCUSD, and most major indices
Works exceptionally well on volatile instruments with strong directional moves
Features:
Color-coded cells for instant visual confirmation
Customizable position (Top Right, Top Left, Bottom Right, Bottom Left)
Adjustable text size (Tiny, Small, Normal)
Configurable ADX, DMI, and MFI period settings
Perfect for day traders and scalpers looking for quick momentum confirmation before entering trades! Feel free to adjust any part of this description to match your style! 🎯
A clean, easy-to-read dashboard that displays key momentum indicators in one convenient table. This indicator helps traders quickly determine the directional bias of price action by combining ADX, Directional Movement Index (DMI), and Money Flow Index (MFI).
What It Shows:
ADX (Average Directional Index): Measures trend strength. Green checkmark appears when ADX ≥ 20, indicating a strong trending market
DI+ (Positive Directional Indicator): Tracks upward price movement
DI- (Negative Directional Indicator): Tracks downward price movement
MFI (Money Flow Index): Volume-weighted momentum indicator. When > 50 indicates bullish money flow
Bias: Automatically calculates directional bias:
LONG: When DI+ > 25 and DI- < 20
SHORT: When DI- > 25 and DI+ < 20
NEUTRAL: When conditions are mixed
Trading Strategy:
This indicator helps determine the bias of price movement in a certain direction. When coupled with Bollinger Bands, it becomes a very powerful combination to catch those big explosive moves up or down. The momentum confirmation from this checklist combined with Bollinger Band squeezes or breakouts can significantly improve entry timing.
Recommended Usage:
Timeframes: 5-minute to 15-minute charts for optimal performance
Best Assets: US30, XAUUSD (Gold), BTCUSD, and most major indices
Works exceptionally well on volatile instruments with strong directional moves
Features:
Color-coded cells for instant visual confirmation
Customizable position (Top Right, Top Left, Bottom Right, Bottom Left)
Adjustable text size (Tiny, Small, Normal)
Configurable ADX, DMI, and MFI period settings
Perfect for day traders and scalpers looking for quick momentum confirmation before entering trades! Feel free to adjust any part of this description to match your style! 🎯
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。