TF - Momentum with signals [AlgoRich]

8 ago

🌀 TF - Momentum with Signals [AlgoRich]

Overview:

This indicator is designed to help traders visualize the strength and direction of momentum based on a selected timeframe, regardless of the chart’s current timeframe. It is particularly useful for identifying trend shifts, potential reversal zones, and precise entry confirmations.

https://www.tradingview.com/x/dUsF8fOs/

🔍 What does it measure?
The indicator calculates the difference between two customizable moving averages (a fast and a slow one), applied to a chosen price source and timeframe. This difference is plotted as a momentum histogram, allowing you to see whether the market is gaining or losing strength in either direction.

🧠 How to read it:
Values above zero indicate bullish momentum.

Values below zero indicate bearish momentum.

Momentum increasing suggests potential continuation.

Momentum decreasing may warn of weakening trends or potential reversals.

🪄 What signals does it provide?
A BUY signal appears when the momentum crosses above the zero line, suggesting a potential shift to bullish momentum.

A SELL signal is triggered when the momentum crosses below the zero line, suggesting a potential move into bearish territory.

Both signals are clearly marked with visual tags and symbols at the moment the crossover occurs.

⚙️ Fully customizable:
Select your preferred moving average type (SMA, EMA, WMA, HMA, SMMA, DEMA).

Adjust the lengths of both fast and slow averages.

Choose any custom timeframe to base the momentum calculation on.

Personalize the visual labels and signal text to match your charting style.

🧩 Ideal use cases:
Confirming entry signals based on momentum shifts.

Filtering out false breakouts or weak trend attempts.

Spotting early signs of reversals or exhaustion in trends.

Adapting easily to scalping, intraday, or swing trading strategies.

This tool offers a clean and powerful way to analyze momentum and improve decision-making. Whether you’re a discretionary trader or building a system, this indicator gives you an edge by keeping you aligned with momentum dynamics.

8 ago

Note di rilascio

🌀 TF - Momentum with Signals [AlgoRich]

Overview:

This indicator is designed to help traders visualize the strength and direction of momentum based on a selected timeframe, regardless of the chart’s current timeframe. It is particularly useful for identifying trend shifts, potential reversal zones, and precise entry confirmations.



🔍 What does it measure?
The indicator calculates the difference between two customizable moving averages (a fast and a slow one), applied to a chosen price source and timeframe. This difference is plotted as a momentum histogram, allowing you to see whether the market is gaining or losing strength in either direction.

🧠 How to read it:
Values above zero indicate bullish momentum.

Values below zero indicate bearish momentum.

Momentum increasing suggests potential continuation.

Momentum decreasing may warn of weakening trends or potential reversals.

🪄 What signals does it provide?
A BUY signal appears when the momentum crosses above the zero line, suggesting a potential shift to bullish momentum.

A SELL signal is triggered when the momentum crosses below the zero line, suggesting a potential move into bearish territory.

Both signals are clearly marked with visual tags and symbols at the moment the crossover occurs.

⚙️ Fully customizable:
Select your preferred moving average type (SMA, EMA, WMA, HMA, SMMA, DEMA).

Adjust the lengths of both fast and slow averages.

Choose any custom timeframe to base the momentum calculation on.

Personalize the visual labels and signal text to match your charting style.

🧩 Ideal use cases:
Confirming entry signals based on momentum shifts.

Filtering out false breakouts or weak trend attempts.

Spotting early signs of reversals or exhaustion in trends.

Adapting easily to scalping, intraday, or swing trading strategies.

This tool offers a clean and powerful way to analyze momentum and improve decision-making. Whether you’re a discretionary trader or building a system, this indicator gives you an edge by keeping you aligned with momentum dynamics.