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Momentum Candle Projection

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This indicator projects future price momentum by calculating a directional vector from recent price movements. It uses a custom implementation of the atan2 function to create a vector average of the last N candles and visualizes this projection as a synthetic future candle.

🔍 What It Does:
✅ Tracks recent momentum using geometric vectors from price change.

✅ Projects a synthetic "momentum candle" one bar ahead, showing anticipated direction and magnitude.

✅ Optionally plots a secondary "future candle" based on a smoothed estimate of projected price vs. real current close.

⚙️ Settings:
Vector Lookback (bars): Controls how many bars are used to calculate the momentum vector.

Projection Length Multiplier: Adjusts how far forward the vector is projected based on its strength.

🟢 How To Use:
Use the lime/red projection candle to anticipate short-term directional bias.

Use the orange/maroon future candle to compare projected continuation vs. current closing price.

Spot early reversals, continuation zones, and momentum decay in real-time.

Declinazione di responsabilità

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