OPEN-SOURCE SCRIPT
Titan Distance & Momentum [Professional Suite]
Are you tired of "whipsaws" and false breakouts?
The Titan Distance & Momentum is not just another oscillator. It is a specialized quantitative tool designed to solve the two biggest problems in day trading: Market Exhaustion and Trend Filters.
While standard indicators (like RSI or MACD) generate noisy signals, the Titan Distance algorithm focuses on Clarity and Mean Reversion logic.
🚀 KEY FEATURES:
1. Real-Time Distance Dashboard (The "Elastic" Effect) Most traders lose money by buying tops or selling bottoms. This indicator calculates the exact distance (in points) between the current price and the 200-period Moving Average.
Visual Alert: The background automatically turns RED or GREEN when the price is statistically "overstretched" (too far from the mean).
The Logic: When the background lights up, the "elastic" is stretched. STOP following the trend and prepare for a reversion or pullback.
2. "Quantum" Smoothed Momentum We replaced the jagged, hard-to-read lines of traditional oscillators with a triple-smoothed exponential wave.
Green Wave: Positive clean momentum (Safe to buy).
Red Wave: Negative clean momentum (Safe to sell).
Zero Lag: Designed to react faster than standard MACD but smoother than raw RSI.
🎯 HOW TO USE IT:
Trend Following: Only take BUY trades when the Wave is Green and rising above the Zero Line.
The Filter: If your strategy gives a signal, LOOK DOWN. Is the background colored (Red/Green)? If yes, the market is overextended. Do not enter. Wait for the price to return to the average.
Dashboard: Check the label on the right side. It tells you exactly how many points away the price is from the 200 EMA (e.g., "+500 pts").
⚙️ SETTINGS:
Momentum Length: Adjust the sensitivity of the wave.
Distance Alert: Set the threshold (in points) to trigger the background color alert (Default: 1000 points for Indices).
Designed for precision. Built for professionals.
The Titan Distance & Momentum is not just another oscillator. It is a specialized quantitative tool designed to solve the two biggest problems in day trading: Market Exhaustion and Trend Filters.
While standard indicators (like RSI or MACD) generate noisy signals, the Titan Distance algorithm focuses on Clarity and Mean Reversion logic.
🚀 KEY FEATURES:
1. Real-Time Distance Dashboard (The "Elastic" Effect) Most traders lose money by buying tops or selling bottoms. This indicator calculates the exact distance (in points) between the current price and the 200-period Moving Average.
Visual Alert: The background automatically turns RED or GREEN when the price is statistically "overstretched" (too far from the mean).
The Logic: When the background lights up, the "elastic" is stretched. STOP following the trend and prepare for a reversion or pullback.
2. "Quantum" Smoothed Momentum We replaced the jagged, hard-to-read lines of traditional oscillators with a triple-smoothed exponential wave.
Green Wave: Positive clean momentum (Safe to buy).
Red Wave: Negative clean momentum (Safe to sell).
Zero Lag: Designed to react faster than standard MACD but smoother than raw RSI.
🎯 HOW TO USE IT:
Trend Following: Only take BUY trades when the Wave is Green and rising above the Zero Line.
The Filter: If your strategy gives a signal, LOOK DOWN. Is the background colored (Red/Green)? If yes, the market is overextended. Do not enter. Wait for the price to return to the average.
Dashboard: Check the label on the right side. It tells you exactly how many points away the price is from the 200 EMA (e.g., "+500 pts").
⚙️ SETTINGS:
Momentum Length: Adjust the sensitivity of the wave.
Distance Alert: Set the threshold (in points) to trigger the background color alert (Default: 1000 points for Indices).
Designed for precision. Built for professionals.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.