Advanced Volatility-Adjusted Momentum IndexAdvanced Volatility-Adjusted Momentum Index (AVAMI)
The AVAMI is a powerful and versatile trading index which enhances the traditional momentum readings by introducing a volatility adjustment. This results in a more nuanced interpretation of market momentum, considering not only the rate of price changes but also the inherent volatility of the asset.
Settings and Parameters:
Momentum Length: This parameter sets the number of periods used to calculate the momentum, which is essentially the rate of change of the asset's price. A shorter length value means the momentum calculation will be more sensitive to recent price changes. Conversely, a longer length will yield a smoother and more stabilized momentum value, thereby reducing the impact of short-term price fluctuations.
Volatility Length: This parameter is responsible for determining the number of periods to be considered in the calculation of standard deviation of returns, which acts as the volatility measure. A shorter length will result in a more reactive volatility measure, while a longer length will produce a more stable, but less sensitive measure of volatility.
Smoothing Length: This parameter sets the number of periods used to apply a moving average smoothing to the AVAMI and its signal line. The purpose of this is to minimize the impact of volatile periods and to make the indicator's lines smoother and easier to interpret.
Lookback Period for Scaling: This is the number of periods used when rescaling the AVAMI values. The rescaling process is necessary to ensure that the AVAMI values remain within a consistent and interpretable range over time.
Overbought and Oversold Levels: These levels are thresholds at which the asset is considered overbought (potentially overvalued) or oversold (potentially undervalued), respectively. For instance, if the AVAMI exceeds the overbought level, traders may consider it as a possible selling opportunity, anticipating a price correction. Conversely, if the AVAMI falls below the oversold level, it could be seen as a buying opportunity, with the expectation of a price bounce.
Mid Level: This level represents the middle ground between the overbought and oversold levels. Crossing the mid-level line from below can be perceived as an increasing bullish momentum, and vice versa.
Show Divergences and Hidden Divergences: These checkboxes give traders the option to display regular and hidden divergences between the AVAMI and the asset's price. Divergences are crucial market structures that often signal potential price reversals.
Index Logic:
The AVAMI index begins with the calculation of a simple rate of change momentum indicator. This raw momentum is then adjusted by the standard deviation of log returns, which acts as a measure of market volatility. This adjustment process ensures that the resulting momentum index encapsulates not only the speed of price changes but also the market's volatility context.
The raw AVAMI is then smoothed using a moving average, and a signal line is generated as an exponential moving average (EMA) of this smoothed AVAMI. This signal line serves as a trigger for potential trading signals when crossed by the AVAMI.
The script also includes an algorithm to identify 'fractals', which are distinct price patterns that often act as potential market reversal points. These fractals are utilized to spot both regular and hidden divergences between the asset's price and the AVAMI.
Application and Strategy Concepts:
The AVAMI is a versatile tool that can be integrated into various trading strategies. Traders can utilize the overbought and oversold levels to identify potential reversal points. The AVAMI crossing the mid-level line can signify a change in market momentum. Additionally, the identification of regular and hidden divergences can serve as potential trading signals:
Regular Divergence: This happens when the asset's price records a new high/low, but the AVAMI fails to follow suit, suggesting a possible trend reversal. For instance, if the asset's price forms a higher high but the AVAMI forms a lower high, it's a regular bearish divergence, indicating potential price downturn.
Hidden Divergence: This is observed when the price forms a lower high/higher low, but the AVAMI forms a higher high/lower low, suggesting the continuation of the prevailing trend. For example, if the price forms a lower low during a downtrend, but the AVAMI forms a higher low, it's a hidden bullish divergence, signaling the potential continuation of the downtrend.
As with any trading tool, the AVAMI should not be used in isolation but in conjunction with other technical analysis tools and within the context of a well-defined trading plan.
在腳本中搜尋"momentum"
Volume Accumulation Oscillator (VAO)The Volume Accumulation Oscillator (VAO) is a powerful momentum-based indicator designed to assess the strength of volume accumulation in a given asset. It helps traders identify periods of intense buying or selling pressure and potential trend reversals.
The VAO calculates the Net Volume Accumulation (NVA) by considering the volume, open, close, high, and low prices. It then applies exponential moving averages (EMAs) to smooth the NVA and calculates the VAO by comparing the smoothed NVA with its EMA over a specified signal period.
The VAO is plotted as a line chart, providing a clear visual representation of its values. Positive VAO values indicate strong bullish volume accumulation, suggesting potential upward price movement. Conversely, negative VAO values indicate significant selling pressure and the possibility of a downtrend.
To enhance the analysis, the indicator includes reference levels such as the zero line and +/-1 levels. These levels serve as important reference points for interpreting the VAO values and identifying key turning points in the market.
Additionally, the VAO histogram is included, which further illustrates the strength and direction of volume accumulation. The histogram bars are color-coded, with green bars representing positive VAO values and red bars representing negative VAO values.
The Volume Accumulation Oscillator is a versatile tool that can be used in various trading strategies. Traders can look for divergences between the VAO and the price chart to identify potential trend reversals. Combining the VAO with other technical analysis techniques can provide valuable insights into market dynamics and help traders make informed trading decisions.
Note: It is recommended to customize the indicator's parameters and conduct thorough backtesting to align it with your specific trading strategy and preferences before using it for live trading.
Disclaimer: This indicator is provided for educational and informational purposes only. Trading involves risks, and it is important to exercise caution and conduct your own analysis before making any investment decisions.
Composite MomentumComposite Momentum Indicator - Enhancing Trading Insights with RSI & Williams %R
The Composite Momentum Indicator is a powerful technical tool that combines the Relative Strength Index (RSI) and Williams %R indicators from TradingView. This unique composite indicator offers enhanced insights into market momentum and provides traders with a comprehensive perspective on price movements. By leveraging the strengths of both RSI and Williams %R, the Composite Momentum Indicator offers distinct advantages over a simple RSI calculation.
1. Comprehensive Momentum Analysis:
The Composite Momentum Indicator integrates the RSI and Williams %R indicators to provide a comprehensive analysis of market momentum. It takes into account both the strength of recent price gains and losses (RSI) and the relationship between the current closing price and the highest-high and lowest-low price range (Williams %R). By combining these two momentum indicators, traders gain a more holistic view of market conditions.
2. Increased Accuracy:
While the RSI is widely used for measuring overbought and oversold conditions, it can sometimes generate false signals in certain market environments. The Composite Momentum Indicator addresses this limitation by incorporating the Williams %R, which focuses on the price range and can offer more accurate signals in volatile market conditions. This combination enhances the accuracy of momentum analysis, allowing traders to make more informed trading decisions.
3. Improved Timing of Reversals:
One of the key advantages of the Composite Momentum Indicator is its ability to provide improved timing for trend reversals. By incorporating both RSI and Williams %R, traders can identify potential turning points more effectively. The Composite Momentum Indicator offers an early warning system for identifying overbought and oversold conditions and potential trend shifts, helping traders seize opportunities with better timing.
4. Enhanced Divergence Analysis:
Divergence analysis is a popular technique among traders, and the Composite Momentum Indicator strengthens this analysis further. By comparing the RSI and Williams %R within the composite calculation, traders can identify divergences between the two indicators more easily. Divergence between the RSI and Williams %R can signal potential trend reversals or the weakening of an existing trend, providing valuable insights for traders.
5. Customizable Moving Average:
The Composite Momentum Indicator also features a customizable moving average (MA), allowing traders to further fine-tune their analysis. By incorporating the MA, traders can smooth out the composite momentum line and identify longer-term trends. This additional layer of customization enhances the versatility of the indicator, catering to various trading styles and timeframes.
The Composite Momentum Indicator, developed using the popular TradingView indicators RSI and Williams %R, offers a powerful tool for comprehensive momentum analysis. By combining the strengths of both indicators, traders can gain deeper insights into market conditions, improve accuracy, enhance timing for reversals, and leverage divergence analysis. With the added customization of the moving average, the Composite Momentum Indicator provides traders with a versatile and effective tool to make more informed trading decisions.
Absolute Momentum IntensityNo lag, no boundaries, real momentum indicator.
Momentum = mass × velocity
In trading, this would be: volume × candle size. But due to the huge differences in volumes and volatility in the market, strong momentum crushes (flattens) average momentum, making it unpractical in an indicator. AMI provides a usable and adjustable workaround to this problem.
HOW DOES AMI WORK?
AMI measures and plots the momentum of each candle individually, with a formula I invented (or so I believe).
Formula: (Actual volume / Moving average of the volumes) × (Actual size of the candle / Moving average of the size of the candles)
Put simply, it multiplies the ratio between actual and past volumes, by the ratio between actual and past candles' sizes.
The length of the moving averages used in AMI's calculation is called "Contrast" in the settings.
A contrast of 20 shows every single impulse.
100 flattens small moves, thus revealing when the momentum is at its strongest.
Feel free to adjust the contrast of AMI to fit your needs.
The result is plotted starting from the last point. So the angle of each segment expresses the momentum of the corresponding candle.
Note: AMI will not run without enough candles or volume datas, on higher timeframes for example (W,M...).
HOW TO READ AMI?
AMI's line color, angle, and backgrounds help identify the current momentum as bullish, bearish, weak, or strong.
When AMI crosses the closest ribbon's line (which is in gray by default), its color changes, signaling a shift in momentum.
When the 3 ribbons are fully deployed, separated by large backgrounds, the momentum can be considered strong. This is what we are looking for.
When the momentum decreases, the background color changes (gray by default). It can be nothing, or it can be an early sign of consolitation or even reversal, especially if more do follow.
AMI adjusts to the size of its pane. Therefore, it is a good idea to keep a period of strong momentum in the screen, as a scale.
Comparing the actual momentum with the past ones sheds some light on the intensity of the price action.
DIVERGENCES
Divergences are relevant as long as there's amplitude in the chart. But it is still hard to estimate how far the expected move will go.
AMI comes with a divergence detection system. It won't show all the divergences though. Just the ones it can pick. So you might look for more, and adjust the settings to your needs.
This part of the script is independant from AMI, and easy to identify, so you can delete it if you don't need it.
DO NOT BASE YOUR TRADING DECISIONS ON 1 SINGLE INDICATOR'S SIGNALS.
Always confirm your ideas by other means, like price action and indicators of a different nature.
GKD-C Adaptive RSX Dynamic Momentum Index [Loxx]Giga Kaleidoscope GKD-C Adaptive RSX Dynamic Momentum Index 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 Stochastic 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: Adaptive RSX Dynamic Momentum Index 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 Adaptive RSX Dynamic Momentum Index
What is RSX?
The Jurik RSX ( Relative Strength Index ) is a technical indicator used in financial markets to measure the strength of price movement. It was developed by Mark Jurik and is based on the RSI formula, with the addition of smoothing and other modifications.
The Jurik RSX is designed to be smoother and more responsive than traditional RSI indicators, making it more useful for detecting trends and trading signals. It is also less prone to false signals and noise, which can be a problem with some other technical indicators.
The Jurik RSX can be used in a variety of ways, including as a trend-following indicator or a momentum indicator . It can also be combined with other indicators and trading strategies to improve overall performance.
What is Dynamic Momentum Index?
The Dynamic Momentum Index (DMI) is a technical indicator used in financial trading to identify trend strength and potential trend reversals. It was developed by Tushar Chande in 1995.
The DMI calculates the difference between an asset's current price and a price from a certain number of periods ago, and then divides that difference by the sum of all price changes over those same periods. The resulting value is then multiplied by 100 to generate a percentage-based oscillator.
The DMI is similar to other momentum indicators such as the Relative Strength Index (RSI) and Stochastic Oscillator, but it is designed to be more responsive to changes in price momentum.
Traders typically use the DMI in conjunction with other technical indicators and chart patterns to confirm potential trade opportunities. A DMI value above 0 indicates a bullish trend, while a value below 0 indicates a bearish trend. A DMI value close to 0 suggests that the market is in a consolidation phase.
What is Volatility Ratio?
The Volatility Ratio is a technical indicator that compares the volatility of two different time periods. It is calculated by dividing the longer-term period's standard deviation by the shorter-term period's standard deviation.
The formula for calculating the Volatility Ratio is as follows:
Volatility Ratio = Standard Deviation (Longer-term Period) / Standard Deviation (Shorter-term Period)
The Volatility Ratio is used to identify changes in market volatility and potential trend reversals. Traders often use this indicator to confirm other technical indicators and to identify potential trading opportunities.
A high Volatility Ratio indicates that the longer-term volatility is significantly greater than the shorter-term volatility, which could suggest that a change in trend is imminent. Conversely, a low Volatility Ratio indicates that the shorter-term volatility is greater than the longer-term volatility, which could suggest that the current trend is likely to continue.
It is important to note that the Volatility Ratio is not a standalone indicator and should be used in conjunction with other technical indicators and analysis techniques.
What is the Adaptive RSX Dynamic Momentum Index?
This indicator uses a volatility-ratio adaptive Dynamic Momentum Index to determine breakout/breakdown levels for RSX. Breakouts, or longs, happen when upper level is crossed; breakdowns, or shorts, happen when the lower level is crossed.
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.
HT Momentum Indicator [ ZCrypto ]
The HT Momentum Indicator is a technical analysis tool that uses the Hyperbolic Tangent (tanh) function to measure momentum in a trading instrument.
This indicator is plotted as a histogram, with positive values indicating bullish momentum and negative values indicating bearish momentum.
Here are the main features and settings of the HT Momentum Indicator:
Source: This setting allows you to choose the price data used to calculate the momentum indicator. By default, the indicator uses the (High+Low+Close)/3 price, but you can select other options such as the open, high, or low prices.
Period: This setting determines the number of periods used in the momentum calculation. By default, the indicator uses a period of 14, but you can adjust this to suit your trading style and the market you are trading.
Show Fast/Slow/VWAP: These settings allow you to choose whether or not to display the fast and slow exponential moving averages (EMAs) and the volume-weighted average price (VWAP) on the chart.
Fast Length/Slow Length/VWAP Length: These settings allow you to adjust the length of the fast and slow EMAs and the VWAP calculation.
Bull Color/Bear Color: These settings allow you to choose the colors for the bullish and bearish histograms.
Zero Line: This indicator also includes a horizontal line at the zero level to help you identify when momentum is transitioning from bullish to bearish or vice versa.
The HT Momentum Indicator can be used to identify trends, momentum shifts, and potential buy/sell signals.
you can use the fast and slow EMAs to identify short-term and long-term trends, respectively, and the VWAP to gauge the strength of buying or selling pressure.
Additionally, the HT Momentum Indicator includes four pre-programmed alert conditions, which can notify you
when the fast EMA crosses above the slow EMA,
when the VWAP crosses above the zero line,
when the histogram transitions from negative to positive values.
when the histogram transitions from negative to positive values and VWAP above zero line
Honeybridge WickFill & Momentum Shift IndicatorAs the creator of this script, I am proud to introduce the "Honeybridge WickFill & Momentum Shift Indicator," a powerful tool for traders looking to capitalize on market opportunities using these two proven strategies.
WICK FILLS
First, let's take a closer look at the WickFill method. In financial markets, candlestick charts are a popular way to visualize the price movement of a security, derivative, or currency over a specific time period. Each candlestick on the chart is composed of a real body and shadows, with the top of the upper shadow representing the highest price paid during the time period, and the bottom of the lower shadow representing the lowest price paid.
The WickFill method involves placing market orders at the closed price indicated by the candlestick. This means that if a trader using this method sees a long upper wick on a bullish candlestick chart, they may place a buy market order at the closed price of the candlestick with the take profit target at the candlestick high price (the highest price paid during the time period), in the belief that the price is likely to rise. Similarly, if they see a long lower wick on a bearish candle, they may place a sell market order at the closed price of the candlestick with the take profit target at the candlestick low price (the lowest price paid during the time period), in the belief that the price is likely to fall.
The idea behind the WickFill method is that the wicks of candlestick chart patterns can provide valuable information about the price action of a security and the sentiment of market participants. By placing market orders at the prices indicated by the candlesticks close, traders using this method hope to capitalize on potential price movements and maximize their returns.
The image below highlights two Wick Fill opportunities. A signal will be provided at the candle close that says: 'Sell WF' or 'Buy WF'.
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MOMENTUM SHIFT REVERSAL
Now, let's turn to the Momentum Shift method. As the name suggests, this method involves identifying changes in the momentum of the price of a security. Traders who use this method are looking to capitalize on shifts in the strength or direction of the price momentum.
There are various ways to trade based on momentum shifts. For example, a trader may look for a security whose price is trending strongly in one direction and then look for a momentum shift that signals a change in the trend. They may then enter a trade in the direction of the new trend, hoping to ride the momentum of the price movement. Alternatively, a trader may look for a security whose price is moving in a range and then look for a momentum shift that signals a breakout from the range. They may then enter a trade in the direction of the breakout, hoping to capitalize on the momentum of the price movement.
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WICK REJECTION REVERSALS
A second Momentum Shift method is the concept of wick rejection reversal trading opportunities. This is a powerful technique for traders looking to capitalize on market opportunities.
So, what exactly is a wick rejection reversal opportunity? Essentially, it is a situation in which the price of a security rejects a wick (or shadow or tail) of a candlestick chart pattern and then reverses direction. For example, if the price is trending upwards and then encounters resistance at a certain level, it may create a long upper wick on a candlestick chart. If the price then falls back below the level of resistance and continues trending downwards, this could be considered a wick rejection reversal opportunity.
Traders can use the Indicator and signals provided to identify wick rejection reversal opportunities by defining certain conditions. For example, the code includes conditions for identifying a "sell reversal" based on the presence of a green candle with a long upper wick, and an RSI value above a certain threshold. This type of setup may indicate that the price is rejecting the resistance represented by the long upper wick and is likely to continue trending downwards.
Similarly, the code includes conditions for identifying a "buy reversal" based on the presence of a red candle with a long lower wick, and an RSI value below a certain threshold. This type of setup may indicate that the price is rejecting the support represented by the long lower wick and is likely to continue trending upwards.
Traders can find wick rejection reversal opportunities particularly beneficial for several reasons. First, these opportunities can provide clear entry and exit points for trades, which can help traders manage risk and maximize their returns. By identifying a specific level of resistance or support that has been rejected by the price, traders can have a clear idea of where to place their orders and where to set their stop-losses.
Second, wick rejection reversal opportunities can be a reliable indicator of market sentiment and direction. By considering the wicks of candlestick chart patterns, traders can gain a deeper understanding of the forces at work in the market and how market participants are reacting to them. This can help traders make more informed decisions about when to enter or exit trades.
Finally, wick rejection reversal opportunities can be found in a variety of market conditions and across different financial instruments. Whether the market is trending, range-bound, or volatile, traders can use this indicator provided to identify wick rejection reversal opportunities and capitalize on them.
In conclusion, wick rejection reversal opportunities are a valuable technique for traders looking to capitalize on market opportunities and improve their returns. By using the indicator provided and considering the wicks of candlestick chart patterns, traders can identify clear entry and exit points, understand market sentiment, and trade across different market conditions and instruments.
The image below depicts two sell opportunities, the top left is a Momentum Shift example and the top right is a Wick Rejection example. A signal will be shown on the chart at the candle close that says: 'Sell R' or 'Buy R'.
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CONCLUSION
So why might traders find the WickFill and Momentum Shift methods useful? There are several reasons. First, these methods can help traders identify potential trade opportunities that may not be immediately apparent from a simple analysis of price trends or chart patterns. By considering the wicks and momentum of a security's price movement, traders can gain a more nuanced understanding of the forces at work in the market and make more informed decisions about when to enter or exit trades.
Second, the WickFill and Momentum Shift methods can be used in conjunction with other technical analysis tools and techniques. For example, traders may use moving averages, oscillators, and trendlines to help confirm the presence of a WickFill or Momentum Shift opportunity. This can help traders increase the reliability and profitability of their trades.
Finally, the WickFill and Momentum Shift methods can be applied to a wide range of financial instruments, including stocks, forex, futures, and more. This versatility makes them useful for traders with diverse investment portfolios and strategies.
Overall, the WickFill and Momentum Shift methods are powerful tools for traders looking to capitalize on market opportunities and improve their returns. By considering the wicks and momentum of a security's price movement, traders can find profitable trading opportunities.
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FINAL COMMENT
Just like any other indicator or strategy out there, please consider the timeframe and asset that you are using this indicator with. Higher timeframe price action is more reliable than lower timeframe price action. For example, the 4H and Daily timeframes will provide more reliable signals than the 5m timeframe. With regards to assets, the indicator works extremely well with Forex pairs and Commodities, such as Gold.
I hope you enjoy the indicator.
BTC NEW ADDRESS MOMENTUM: OnchainThis is a new oscillator that works based on the momentum of new addresses in the Bitcoin blockchain. Use this oscillator on the daily time frame. This oscillator consists of 2 moving averages on the number of new addresses. 30-day and 365-day moving averages. The upward crossover of the number of new addresses is usually associated with the beginning of an upward trend, and the downward crossover is associated with the beginning of a downward trend on the price chart.
SuperTrend Momentum TableMy goal creating this indicator : Provide a way to see the Past and Current Momentum of multiple different timeframes without using multiple charts.
The Underlying Concept / What is Momentum?
The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum.This indicator scans for bullish & bearish Momentum on the Timeframes selected by the user and when there is a shift in momentum on any of those time frames (price closes below or above SUPERTREND ) it notifies the trader with a color change on the Momentum Table.
Back Testing: This indicator will be key for back testing with the SuperTrend-Support-Resistance indicator
since the SuperTrend Momentum Table shows you the visual shift in momentum. Giving the Trader a Clear visual on how Each Support and Resistance Level was made .
Technical Inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data.
Timeframe Inputs
- The indicator has 7 Time frame Displays where you can choose which Time Frames you would like to monitor.
- You can limit the amount of time frames being displayed by changing the Time Frame Amount
Display Inputs
- The trader can specify the bullish and bearish color of all 7 Timeframes
- You can toggle (on or off) the Momentum Switch if you want to highlight the exact candle where momentum switched from bullish to bearish and from bearish to bullish .
How it can be Used ? Check the momentum of other Timeframes and use that information as a variable to structure your trading plan.
- Use Momentum information to track the trend
- Plan and limit trades based on the current Momentum of multiple timeframes
- See if you have higher momentum to fuel your trades
- See breakouts on Multiple Time Frames
SuperTrend Momentum Chart(My goal creating this indicator) : Provide a quick way to check the current momentum of multiple timeframes. The Smart Momentum Chart was intended to be a live trading tool that should be used when a trader has already defined his edge and no longer needs the past Momentum data.
The Underlying Concept
What is Momentum ?
The Momentum shown is derived from a Mathematical Formula SUPERTREND , when price is above SUPERTREND its bullish Momentum and when its below SUPERTREND its Bearish Momentum. This indicator scans for candle closes on the timeframes you've selected and when there is a shift in momentum it notifies the trader with a color change and an alert if one was set up.
Technical inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data.
Time Frame Inputs
- Your able to fill the chart with up to 8 timeframes
- If You don't need all 8 you can limit the amount to display by changing the "Time Frame Amount"
Display Inputs
- You can change the size of the chart and the color of the text
- You can toggle ON if you want to be signaled when a momentum switch occurs ( bullish to bearish or bearish to bullish )
- Your able to pick the Bullish and Bearish Colors of the Momentum switch
How it can be used ?
- Easily check the momentum of other Timeframes and use that information as a variable in your trading plan.
- quickly glance and know the momentum of any time frame before you enter any trade
- always know the momentum of the higher time frames
- Eliminate the need to switch from current chart
- Get an abundance of information in one location
- Have clear variables to structure your trades around
SuperTrend Momentum Chart(My goal creating this indicator) : Provide a quick way to check the current momentum of multiple timeframes. The Smart Momentum Chart was intended to be a live trading tool that should be used when a trader has already defined his edge and no longer needs the past Momentum data.
The Underlying Concept
What is Momentum ?
The Momentum shown is derived from a Mathematical Formula SUPERTREND , when price is above SUPERTREND its bullish Momentum and when its below SUPERTREND its Bearish Momentum. This indicator scans for candle closes on the timeframes you've selected and when there is a shift in momentum it notifies the trader with a color change and an alert if one was set up.
Technical inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data.
Time Frame Inputs
- Your able to fill the chart with up to 8 timeframes
- If You don't need all 8 you can limit the amount to display by changing the "Time Frame Amount"
Display Inputs
- You can change the size of the chart and the color of the text
- You can toggle ON if you want to be signaled when a momentum switch occurs ( bullish to bearish or bearish to bullish )
- Your able to pick the Bullish and Bearish Colors of the Momentum switch
How it can be used ?
- Easily check the momentum of other Timeframes and use that information as a variable in your trading plan.
- quickly glance and know the momentum of any time frame before you enter any trade
- always know the momentum of the higher time frames
- Eliminate the need to switch from current chart
- Get an abundance of information in one location
- Have clear variables to structure your trades around
SuperTrend Momentum TableMy goal creating this indicator : Provide a way to see the Past and Current Momentum of multiple different timeframes without using multiple charts.
The Underlying Concept / What is Momentum?
The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum.This indicator scans for bullish & bearish Momentum on the Timeframes selected by the user and when there is a shift in momentum on any of those time frames (price closes below or above SUPERTREND ) it notifies the trader with a color change on the Momentum Table.
Back Testing: This indicator will be key for back testing with the since the SuperTrend Momentum Table shows you the visual shift in momentum. Giving the Trader a Clear visual on how Each Support and Resistance Level was made .
Technical Inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data.
Timeframe Inputs
- The indicator has 7 Time frame Displays where you can choose which Time Frames you would like to monitor.
- You can limit the amount of time frames being displayed by changing the Time Frame Amount
Display Inputs
- The trader can specify the bullish and bearish color of all 7 Timeframes
- You can toggle (on or off) the Momentum Switch if you want to highlight the exact candle where momentum switched from bullish to bearish and from bearish to bullish .
How it can be Used ? Check the momentum of other Timeframes and use that information as a variable to structure your trading plan.
- Use Momentum information to track the trend
- Plan and limit trades based on the current Momentum of multiple timeframes
- See if you have higher momentum to fuel your trades
- See breakouts on Multiple Time Frames
dize Top & BottomsHi Trader,
the "Tops & Bottoms" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators.
💡 What is the Tops & Bottoms indicator?
The "Tops and Bottoms" indicator is a momentum indicator that gives us clues as to when a market might turn around or how intact the current trend is. When calculating, we use statistical methods that provide us with indications of abnormal market behavior.
The indicator comes with Multi-Timeframe support, which makes it easy to get an overview on what is happening on other timeframes.
💡 How to use it?
The indicator has one calculation parameter. The "Sensitivity" parameter specifies how many candles are considered in the calculation. The resolution parameter instead tells the indicator on which timeframe it should be calculated. Please be aware, that the selected timeframe should always be higher than the displayed chart timeframe.
The upper and lower visual bands of the indicator act as a threshold to detect abnormal market behavior.
Furthermore, the appearance of the indicator can be changed using the selected colors.
Let's have a look:
Using the indicator on the same timeframe:
Using the indicator on a higher timeframe:
🔓 To gain access to this indicator, please read the signature field.
Sumon Pal Momentum and Volume StrategyThis is a momentum and volume based strategy.
1. Barcolor is GREEN -> When Momentum is in green region and Volume is also in green region
2. Barcolor is RED -> When Momentum is in red region and Volume is in red region.
3. Barcolor is YELLOW -> Volume and Momentum is not going in same direction. Staying away from trading is good in this scenario.
Blue Star -> Long signal when Volume and Momentum both turns green.
Entry -> Closing (as per your desired timeframe) above High + 50% range of the signal bar.
Initial StopLoss -> As marked in the chart (ATR based SL)
Exit --> Two Approaches. Also check the 4th point in "Word of Caution"
1. Approach 1
a) 50% position can be liquidated at Target 1. Rest Stop Loss at entry price
b) 50% of rest position t target 2. Rest stop loss at target 3
c) Book all at target 3
2. Approach 2
a) Trail previous bar Trailing Stop Loss as marked in the chart.
As per your timeframe, you can follow ATR based trailing method
Red Star -> Short signal when Volume and Momentum both turns red.
Entry -> Closing (as per your desired timeframe) below Low - 50% range of the signal bar.
Initial StopLoss -> As marked in the chart (ATR based SL)
Exit --> Two Approaches. Also check the 4th point in "Word of Caution"
1. Approach 1
a) 50% position can be liquidated at Target 1. Rest Stop Loss at entry price
b) 50% of rest position t target 2. Rest stop loss at target 3
c) Book all at target 3
2. Approach 2
a) Trail previous bar Trailing Stop Loss as marked in the chart.
As per your timeframe, you can follow ATR based trailing method
Targets plotted in the chart are projected target only based on signal bar ATR. There is no guarantee that target will be met. Exit is more important than entry. In real time, we need to find out which one is best to exit if trade goes in our favor. In a rangebound market, we can consider booking profit near major previous swing, previous day high/low etc. In a trending market we can simply trail. So, exiting is more dependent on the market structure rather than labels plotted on the chart.
To make the chart net & clean, historical signal's entry/exit levels are not marked, only the recent entry/exit labels are plotted.
Fine tuning the entry->
a) You can use momentum and volume osc to check if the current signal is being supported by the momentum & volume osc or not.
b) If any positive divergence is observed in oversold region and signal is generated, don't miss the trade. Similar is applicable in overbought region.
c) If the signal/entry is around price range breakout level followed by volume and momentum support, probability of success is higher.
Word of Caution->
1. Be extra cautious on long in momentum indicator overbought zone.
2. Be extra cautious on short in momentum indicator oversold zone.
3. Ignore signals when Volume & Momentum Osc are flat and not showing any direction
4. Whipsaws could be there in rangebound market. To avoid that I follow the below process:
a) No fresh buy in first 15m (if timeframe is below 5m)
b) after 15m, mark the high low of first 15m min, ignore signals within the first 15m range
c) after 30m, mark the high low of first 30m min, ignore signals within the first 30m range
d) after 60m, mark the high low of first 30m min, ignore signals within the first 60m range
e) if price is within first hour opening range then any sell signal near opening range high can be traded subject to confirmation from volume and momentum. Target
can be near opening hour low. Same for buy signal. But this kind of trade is RISKY and advisable to avoid.
5. Refer only intraday signals for timeframe below 1hr. If signal was generated previous day and gets confirmed today, then do not trade.
6. Look for divergences in momentum osc and manage your current position accordingly.
7. On expiry day(NIFTY/BANKNIFTY), I avoid this strategy because on expiry day generally volatility is high and entry/stop loss is sometime far away.
Lastly, wait for the closing above/below the entry price along with momentum and volume confirmation and follow stop loss religiously.
Disclaimer: Trading in equity is risky. Asses your risk profile before trading. Asses your risk profile and trade by managing proper risk. Backtest this strategy before putting real money in this strategy.
HAPPY TRADING.
GA - Momentum DivergencesGA Momentum Divergences Script highlights Trend Strength, Overbought-Oversold Conditions, Regular-Hidden Divergences. Besides, it shows the Buying-Selling Pressure.
The practical use of any Momentum Curve helps in the comprehension of:
Supply-Demand Absorption.
Thrusts and their shortening.
The reversing and the continuation of the trend.
True Strength of the Trend.
Price Strength.
Increase and Decrease in Buying-Selling Pressure.
You choose which curve to show, according to your needs. There are 2 groups of curves.
Momentum Curves
GA Momentum.
Commodity Channel Index ( CCI ).
Relative Strength Index ( RSI ).
Stochastic %K.
True Strength Indicator ( TSI ).
Money Flow Curves
GA Money Flow.
Chaikin Money Flow.
Money Flow Index.
Every Curve used in this script has 0 as center. This means that RSI and Stochastic Curves wave around 0 and not around 50.
Fractal Algorithm for Pivots and Divergences
GA Momentum script highlights Divergences. This is possible by the Fractal Calculation of Pivot Points .
The sensibility of the algorithm depends on the look back and on the look forward of pivot points . This means that it does not highlight every divergence. But it marks divergences according to settings.
Besides, the interpretation of those divergences depends on the experience of the trader.
This feature has a particular use for the purpose to simplify and optimize. Besides, it is a very important feature provided by the GA Money Flow script.
Regular and Hidden Divergences highlight the weakening and strengthening of the price behavior. They give an anticipation to price changing. Besides, they enforce the judgment on the condition that marks the price continuation.
The Fractal Algorithm can also mark a Channel. This happens enveloping the Curve between its marked pivot points .
Flags and lines mark Divergences in the Curve. GA Momentum Divergences highlights Regular Divergences and Hidden Divergences.
Price and Momentum, Volume and Money Flow
The GA Momentum script works with any marketplace. It uses price variations and volume variations, according to needs and market.
Every curve available in the script is a mathematical discretization of the market. But in those marketplaces that includes the volume you can use Money Flow Curves. Where the volume is missing the Money Flow Curves return zero. In this case, a Momentum Curve is the right choice because it uses the price variations.
GA Momentum and GA Money Flow are formulas built for this script. They include several peculiarities that are a privilege of other functions. This gives a better visual impact by their practical use.
TSI Curve or RSI Curve are the right choices to replace Money Flow Curves where the volume is not available. In the same way, RSI Curve can replace the TSI Curve for the Trend Strength. Then, the RSI Curve is universal. It works on any marketplace giving a lot of information, using it in the right way.
RSI is a slow curve. It waves above and below the middle line, according to the bullish and bearish trend . This is why it incorporates the Trend Strength in its calculation.
Instead, other choices give Faster Momentum Curves that give different advantages and peculiarities. The final result and purpose do not change.
Market Conditions
Overbought and Oversold Conditions could not cause the immediate reversing of the trend. The changing occurs according to Thrusts and their shortening.
This happens by one or more rebounds in the price action. Indeed, this marks hesitation to continue the advancing or the declining of the price.
The Momentum Curve can highlight the absorption of Supply Pressure and Supporting Demand. This precedes the Climactic Point so as a Thrust during the advancing or declining of the price.
True Strength and Money Flow curves follow the trend. They show where the trend is weakening or strengthening.
When these curves rise together with the trend, this confirms the trend. Instead, when these curves hesitate, they are marking a changing.
TSI and Money Flow have advantages. They show the continuation of the trend by its positive or negative value. Besides, they show the shortening of the trend. Moreover, the curve anticipates the shortening of the thrust.
Money Flow Curves highlights the prevailing of Buying Pressure of Selling Pressure. This is possible because their formulas includes the volume . But the TSI discretization that uses prices, works giving a fair result.
This returns an unconditional conclusion. The volume has a high relevance because of the correlation between effort and result. But despite this, the mathematical discretization of the market can work without it.
Short and Long Signal Lines
The GA Momentum plots 2 extra curves to support the market momentum interpretation. They are Exponential Moving Average applied to the momentum curve.
The Short Signal Line follows the main curve and it gives the first crossing for an entry signal. Of course, this is useful only when there are the right condition for an entry point.
Instead, the Long Signal Line exists to be a trending indicator. When the main curve is approaching it, rebounds, the shortening of the thrust, can mark a changing. Following the thrust, these curves become closer and closer for some waves. This becomes better visible by the plotting of the Histogram.
The Histogram shows the difference between the main curve and the Long Signal Line. The distance between those curves becomes relevant and helpful in many circumstances. This highlights the changing in the Strength or Weakness of the trend.
Short and Long Signal Curves can have a partial plotting. This reduces the impact of those curves on screen. The script can show them only when they give a relevant visual impact for the trading practice.
Coloring
GA Momentum Script colors curve and price bars. It highlights conditions where the price is Overbought or Oversold. But it highlights also divergences with labels and colored lines.
The script plots colors on bars with extended prices. Besides, the script plots colors on bars that are the ending of divergences
GA Momentum script colors the price bars using the same criteria applied to color curves. Color used on the Curve are the same used on the price bars.
True Strength Curve and Momentum Curves color price bars. This happens for the entire Trend Strength. Then the prevailing of the Buying Pressure or Bearish Pressure is also visible on bars. This occurs by the persistent green or red colors according to Pressure and Trend.
Alerts
GA Momentum provides 2 alerts for Bearish and Bullish Signals. Both uses the crossing of Short and Long Signals in the same direction.
Note: I restrict access to the tool.
Regards
Girolamo Aloe
Founder of Profiting Me
ZenTrading Momentum_v3.1This is a script for beta testing only.
wave momentum oscillator, with volatility and divergence detection and short term and long term reversal signals reversal signals. Mainly used to signal reversals (major and minor), to be used in conjunction with Trend, CyclePhase and Volume indicators
Pulse Profits+ Study v2.0Here is the updated version of our Pulse Profits+ study based on the combination of the Chande Momentum Oscillator and Elder's Force Index . This version was updated to include stop-loss and improved signals
Red background highlights mark sell signals and green highlights represent buy signals. All signals are accompanied by corresponding alerts that can be tailored for the various automated trading platforms.
All indicators can be found on our website in the bio and come with their strategy equivalents
Angle-Momentum-Force v2 [Alex Ko]Angle-Momentum-Force v2 — это пользовательский индикатор, который помогает определить силу и направление рыночного движения, объединяя три параметра:
Угол атаки — рассчитывается на основе наклона скользящей средней (EMA).
Моментум цены — показывает скорость изменения цены за заданный период.
Сила движения (Force) — определяется как произведение объёма на моментум (объём × моментум).
Как пользоваться:
Индикатор строится в отдельной панели под графиком.
Зеленый фон появляется при выполнении сигнала на покупку:
Угол > 20°, Моментум > 0, Сила > порога.
Ты можешь настраивать параметры:
EMA Period,
Momentum Period,
Force Threshold.
Используй как фильтр для входа или подтверждение тренда.
Angle-Momentum-Force v2 is a custom indicator designed to visualize the strength and direction of price movement by combining:
Angle of Attack — calculated based on the slope of the EMA line.
Price Momentum — the rate of price change over a defined period.
Force of Movement — defined as volume × momentum.
How to Use:
The indicator displays in a separate pane below the chart.
A green background highlights a buy signal when all three conditions are met:
Angle > 20°, Momentum > 0, and Force > Threshold.
You can customize:
EMA Period,
Momentum Period,
Force Threshold.
Use it as an entry filter or trend confirmation tool.
Bull Momentum GaugeBull Momentum Gauge
The Bull Momentum Gauge is a powerful momentum oscillator designed to identify the underlying strength and sustainability of major market trends. Instead of trying to predict tops and bottoms, this indicator helps traders and investors ride long-term bull markets by signaling when momentum is building and when it is starting to fade.
What it Does
At its core, this tool measures how statistically "stretched" or "compressed" an asset's price is relative to its long-term (1-year) trend. It does this by:
Calculating the price's deviation from its 365-day moving average.
Normalizing this deviation into a Z-score to measure its statistical significance.
Comparing the inverted Z-score to its own 200-day moving average to gauge the momentum of the trend itself.
The result is a single, smooth line that oscillates around a zero value.
How to Use It
The signals are simple and based on the indicator's relationship to the zero line:
Green Line (Gauge below 0): This indicates that the price has been compressed relative to its long-term trend and is now showing signs of building upward momentum. A cross into the green zone can be interpreted as a potential entry signal for a new bull run.
Red Line (Gauge above 0): This suggests that the price has become over-extended or "stretched" and the upward momentum is beginning to weaken. A cross into the red zone can be used as a potential exit signal, indicating it may be time to take profits and wait for the next cycle.
This indicator is designed to work across multiple timeframes (Daily, Weekly, Monthly) and provides a clear, data-driven framework for navigating major market cycles.
Adj Momentum (3M / 6M / 12M)Mirza Salman Volatility Adjusted Momentum.
The Volatility Adjusted Momentum Indicator distills a security’s recent performance into a single, decision-ready metric that captures both the velocity and the reliability of its trend. By simultaneously rewarding sustained price appreciation and discounting erratic fluctuations, the indicator highlights those stocks that are not only advancing but doing so with a consistent, low-volatility profile—attributes typically favoured by quantitative momentum and trend-following frameworks. A high positive reading points to instruments exhibiting strong, orderly upward trajectories, making them prime candidates for capital allocation in momentum-oriented portfolios. Conversely, muted or negative readings reveal markets whose returns have been lacklustre, unstable, or downward-sloping, signalling that they warrant caution or exclusion. In practice, this indicator enables portfolio managers and traders to rank broad watch-lists swiftly, focus due-diligence on the most robust price leaders, and enforce systematic discipline in scaling back exposure to choppier, less reliable names—all without resorting to subjective chart interpretation or ad-hoc volatility filters.
Session-Based Sentiment Oscillator [TradeDots]Track, analyze, and monitor market sentiment across global trading sessions with this advanced multi-session sentiment analysis tool. This script provides session-specific sentiment readings for Asian (Tokyo), European (London), and US (New York) markets, combining price action, volume analysis, and volatility factors into a comprehensive sentiment oscillator. It is an original indicator designed to help traders understand regional market psychology and capitalize on cross-session sentiment shifts directly on TradingView.
📝 HOW IT WORKS
1. Multi-Component Sentiment Engine
Price Action Momentum : Calculates normalized price movement relative to recent trading ranges, providing directional sentiment readings.
Volume-Weighted Analysis : When volume data is available, incorporates volume flow direction to validate price-based sentiment signals.
Volatility-Adjusted Factors : Accounts for changing market volatility conditions by comparing current ATR against historical averages.
Weighted Combination : Merges all components using optimized weightings (Price: 1.0, Volume: 0.3, Volatility: 0.2) for balanced sentiment readings.
2. Session-Segregated Tracking
Automatic Session Detection : Precisely identifies active trading sessions based on user-configured time parameters.
Independent Calculations : Maintains separate sentiment accumulation for each major session, updated only during respective active hours.
Historical Preservation : Stores session-specific sentiment values even when sessions are closed, enabling cross-session comparison.
Real-Time Updates : Continuously processes sentiment during active sessions while preserving inactive session data.
3. Cross-Session Transition Analysis
Sentiment Differential Detection : Monitors sentiment changes when transitioning between trading sessions.
Configurable Thresholds : Generates signals only when sentiment shifts exceed user-defined minimum thresholds.
Directional Signals : Provides distinct bullish and bearish transition alerts with visual markers.
Smart Filtering : Applies smoothing algorithms to reduce false signals from minor sentiment variations.
⚙️ KEY FEATURES
1. Session-Specific Dashboard
Real-Time Status Display : Shows current session activity (ACTIVE/CLOSED) for all three major sessions.
Sentiment Percentages : Displays precise sentiment readings as percentages for easy interpretation.
Strength Classification : Automatically categorizes sentiment as HIGH (>50%), MEDIUM (20-50%), or LOW (<20%).
Customizable Positioning : Place dashboard in any corner with adjustable size options.
2. Advanced Signal Generation
Transition Alerts : Triangle markers indicate significant sentiment shifts between sessions.
Extreme Conditions : Diamond markers highlight overbought/oversold threshold breaches.
Configurable Sensitivity : Adjust signal thresholds from 0.05 to 0.50 based on trading style.
Alert Integration : Built-in TradingView alert conditions for automated notifications.
3. Forex Currency Strength Analysis
Base/Quote Decomposition : For forex pairs, separates sentiment into individual currency strength components.
Major Currency Support : Analyzes USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD strength relationships.
Relative Strength Display : Shows which currency is driving pair movement during active sessions.
4. Visual Enhancement System
Session Background Colors : Distinct background shading for each active trading session.
Overbought/Oversold Zones : Configurable extreme sentiment level visualization with colored zones.
Multi-Timeframe Compatibility : Works across all timeframes while maintaining session accuracy.
Customizable Color Schemes : Full color customization for dashboard, signals, and plot elements.
🚀 HOW TO USE IT
1. Add the Script
Search for "Session-Based Sentiment Oscillator " in the Indicators tab or manually add it to your chart. The indicator will appear in a separate pane below your main chart.
2. Configure Session Times
Asian Session : Set Tokyo market hours (default: 00:00-09:00) based on your chart timezone.
European Session : Configure London market hours (default: 07:00-16:00) for European analysis.
US Session : Define New York market hours (default: 13:00-22:00) for American markets.
Timezone Adjustment : Ensure session times match your broker's specifications and account for daylight saving changes.
3. Optimize Analysis Parameters
Sentiment Period : Choose 5-50 bars (default: 14) for sentiment calculation lookback period.
Smoothing Settings : Select 1-10 bars smoothing (default: 3) with SMA, EMA, or RMA options.
Component Selection : Enable/disable volume analysis, price action, and volatility factors based on available data.
Signal Sensitivity : Adjust threshold from 0.05-0.50 (default: 0.15) for transition signal generation.
4. Interpret Readings and Signals
Positive Values : Indicate bullish sentiment for the active session.
Negative Values : Suggest bearish sentiment conditions.
Dashboard Status : Monitor which session is currently active and their respective sentiment strengths.
Transition Signals : Watch for triangle markers indicating significant cross-session sentiment changes.
Extreme Alerts : Note diamond markers when sentiment reaches overbought (>70%) or oversold (<-70%) levels.
5. Set Up Alerts
Configure TradingView alerts for:
- Bullish session transitions
- Bearish session transitions
- Overbought condition alerts
- Oversold condition alerts
❗️LIMITATIONS
1. Data Dependency
Volume Requirements : Volume-based analysis only functions when volume data is provided by your broker. Many forex brokers do not supply reliable volume data.
Price Action Focus : In absence of volume data, sentiment calculations rely primarily on price movement and volatility factors.
2. Session Time Sensitivity
Manual Adjustment Required : Session times must be manually updated for daylight saving time changes.
Broker Variations : Different brokers may have slightly different session definitions requiring time parameter adjustments.
3. Ranging Market Limitations
Trend Bias : Sentiment calculations may be less reliable during extended sideways or low-volatility market conditions.
Lag Consideration : As with all sentiment indicators, readings may lag during rapid market transitions.
4. Regional Market Focus
Major Session Coverage : Designed primarily for major global sessions; may not capture sentiment from smaller regional markets.
Weekend Gaps : Does not account for weekend gap effects on sentiment calculations.
⚠️ RISK DISCLAIMER
Trading and investing carry significant risk and can result in financial loss. The "Session-Based Sentiment Oscillator " is provided for informational and educational purposes only. It does not constitute financial advice.
- Always conduct your own research and analysis
- Use proper risk management and position sizing in all trades
- Past sentiment patterns do not guarantee future market behavior
- Combine this indicator with other technical and fundamental analysis tools
- Consider overall market context and your personal risk tolerance
This script is an original creation by TradeDots, published under the Mozilla Public License 2.0.
Session-based sentiment analysis should be used as part of a comprehensive trading strategy. No single indicator can predict market movements with certainty. Exercise proper risk management and maintain realistic expectations about indicator performance across varying market conditions.
Heikin Ashi + MACD Momentum FilterThe Heikin Ashi + MACD Momentum Filter is designed for short-term and swing traders, combining the trend-smoothing capabilities of manually calculated Heikin Ashi candles with the momentum confirmation of the MACD histogram to generate reliable buy and sell signals. This indicator aligns trend direction with momentum shifts to minimize false signals, making it ideal for trading trending markets on timeframes like 5-minute to 1-hour charts.
How It Works
The indicator uses two technical components to produce signals:
Heikin Ashi for Trend Detection:
Heikin Ashi candles are manually calculated to smooth price action, with the close as the average of OHLC values and the open as the average of the previous Heikin Ashi open and close. These values are further smoothed over a default 5-period moving average. A bullish trend is confirmed when the smoothed Heikin Ashi close is above its open (plotted in green), and a bearish trend when the close is below the open (plotted in red). This smoothing reduces noise, helping traders stay in the direction of the prevailing trend.
MACD Histogram for Momentum Confirmation:
The MACD, calculated with standard settings (fast=12, slow=26, signal=9), produces a histogram. A buy signal requires the histogram to cross above a threshold (default: 0.0), indicating bullish momentum, while a sell signal requires a cross below, indicating bearish momentum. This ensures trades are taken when momentum supports the trend.
Signal Generation
Signals are generated using the previous bar’s values to prevent repainting:
Buy Signal: The MACD histogram crosses above the threshold, and the Heikin Ashi confirms a bullish trend. Displayed as a green upward triangle below the bar.
Sell Signal: The MACD histogram crosses below the threshold, and the Heikin Ashi confirms a bearish trend. Displayed as a red downward triangle above the bar.
US Growth Momentum Index (UGMI)US Growth Momentum Index (UGMI) is a macroeconomic indicator designed to reflect the current economic health of the United States. The index combines four key economic factors—Industrial Production (INDPRO), Retail Sales (RSAFS), Unemployment Rate (UNRATE), and the 10Y-2Y Yield Curve Spread—and aggregates them into a single line representing overall growth momentum.
The UGMI is based on Z-Score calculations for each of these components, helping to identify whether the U.S. economy is in an expansionary growth phase or a contractionary recession phase.
How to Read the UGMI:
Core Growth Line (Blue): This is the main line representing the aggregated growth momentum. It is calculated using the Z-scores of the key economic indicators.
0 Line: The 0 line represents the neutral zone. If the UGMI is above the 0 line, it suggests that the economy is expanding. Below the 0 line indicates contraction or a potential recession.
Zones Above 1: When the UGMI is above 1, it represents a strong expansionary phase or boom, possibly signaling the top of a bull market or local peak.
Zones Below -1: When the UGMI falls below -1, it indicates a severe recession or significant contraction in the economy.
Color Coding:
Green: When the UGMI is above the 1 line, the background turns green, indicating a strong growth phase.
Red: When the UGMI is below -1, the background turns red, representing a recession or significant economic downturn.
This indicator helps traders and investors to understand whether the economy is growing or contracting, and is especially useful for identifying potential market tops or turning points.
