Momentum Candle by DNDFX

3 ore fa

Momentum Candle v2 is a simple yet powerful indicator designed to detect strong momentum candles based on candle body size and the ratio between the body and total wick.

This indicator is ideal for traders who focus on:

Momentum trading

Breakout strategies

XAUUSD (Gold) scalping

Supply & Demand / Smart Money Concepts (SMC) confirmation

🔧 How the Indicator Works

The indicator analyzes each candle and classifies it as a Bullish Momentum or Bearish Momentum candle when these conditions are met:

✅ The candle body exceeds the minimum size
✅ The total wick is smaller compared to the body
✅ The Body-to-Wick ratio meets the strength filter

Visual signals include:

Green background for bullish momentum

Red background for bearish momentum

Up/Down triangle markers as entry guidance

⚙️ Customizable Parameters

Min Body Size (Points) – Sets the minimum candle body size

Min Body : Wick Ratio – Controls how dominant the body is compared to the wicks

All parameters can be optimized according to your trading style and timeframe.

✅ Best Use Cases

This indicator is useful for:

Breakout confirmation

Momentum validation

Filtering false breakouts

Scalping and intraday trading on XAUUSD

🧠 Trading Tips

For better accuracy, combine this indicator with:

Support & Resistance

Supply & Demand zones

Break of Structure (BOS) / CHoCH

Best performance on M5 – H1 timeframes.

⚠️ DISCLAIMER

This indicator is a supporting tool, not a guaranteed profit system. Always apply proper risk management. You are fully responsible for your trading decisions.

3 ore fa

Note di rilascio

Update V2