Momentum Indicators

16 ore fa

Momentum Indicators - Advanced Technical Analysis Tool

Overview
A comprehensive Pine Script indicator designed to identify and visualize momentum shifts, trend sequences, and key reversal signals directly on your chart. This multi-faceted tool combines traditional momentum indicators with advanced pattern recognition to provide clear visual cues for market dynamics.

Key Features

🚀 MOMO Signal (Primary Momentum Detector)
The core feature identifies high-probability momentum events when all conditions align simultaneously:

• Price increase exceeds configurable threshold (default 5%)
  
• Fast EMA (9) diverging above Slow EMA (20)
  
• VWAP trending upward with acceleration
  
• Volume spike above 5x average (50-period lookback)
  
• MACD line above signal line
  

When all criteria are met, a green "MOMO!" triangle appears above the candle, signaling strong bullish momentum.

📈 Bull & Bear Run Detection
Automatically identifies and visualizes consecutive trending sequences:

• Bull Runs: Green trend rays extending from sequence start with "BULLS!" labels
  
• Bear Runs: Red trend rays extending from sequence start with "BEARS!" labels
  
• Configurable minimum sequence length (default 3 candles)
  
• Optional strict color requirements (green candles only for bull runs, red for bear runs)
  
• Sequence length displayed at run completion
  

⚠️ Reversal Warning Signals
"TAILS!" flags mark potential trend exhaustion:

• Topping tails on bull runs (upper wicks ≥50% of candle body)
  
• Bottoming tails on bear runs (lower wicks ≥50% of candle body)
  

🔄 MACD Cross Alerts
Clear visual indicators for MACD momentum shifts:

• Blue "MACD Open" arrows when MACD crosses above signal line
  
• Orange "MACD Closed" arrows when MACD crosses below signal line
  

Customization Options

MACD Settings

• Fast EMA Length (default: 12)
  
• Slow EMA Length (default: 26)
  
• Signal Length (default: 9)
  

Momentum Thresholds

• Price change threshold (default: 5%)
  
• Volume multiplier (default: 5.0x)
  
• Volume average lookback period (default: 50)
  

Trend Analysis

• Minimum candles for trend establishment (default: 3)
  
• Maximum sequences to display (default: 5)
  
• Historical lookback range (default: 100 bars)
  
• Wick percentage threshold for reversal warnings (default: 50%)
  

Visual Elements

• Toggle controls for each feature set
  
• Color-coded trend rays that extend to current price action
  
• Multiple label styles for different signal types
  
• Optimized performance with efficient array management
  

Best Use Cases

• Swing trading entry/exit confirmation
  
• Momentum breakout identification
  
• Trend continuation vs. reversal analysis
  
• Multi-timeframe confluence when combined with higher timeframe analysis
  

This indicator excels at highlighting high-probability momentum shifts while providing context through trend sequence analysis and early reversal warnings.

14 ore fa

Note di rilascio

* Fixed MACD settings group and added tool tips for percentage-type inputs.