Shadow Range Index (SRI) introduces a new concept to calculate momentum, shadow range. What is range? Traditionally, True Range (TR) is the current high minus the current low of each bar in the timeframe. This is often used successfully on its own in indicators, or as a moving average in ATR (Average True Range). To calculate range, SRI uses an innovative...
Forex Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart. The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data...
The Ultimate Momentum Oscillator is a tool designed to help traders identify the current trend direction and the momentum of the prices. This oscillator is composed of one histogram and one line, paired with the two overbought and the two oversold levels. The histogram is a trend-based algorithm that allows the user to read the market bias with multiple trend...
Momentum is created when a security makes a large move on higher-than-average volume. Momentum shows the rate of change in price movement over a period of time to help investors determine the strength of a trend. This indicator will create a green spike once price advances 4% and is trading above the 50-day average trading volume. However, if the stock begins to...
Ichimoku and MA use the default. It is repainted because it uses a moving average line. A marker is only true if it was created after the candle closed. The principle is too simple. Please enjoy using it. - Up : Conversion Line > MA #1 and Base Line > MA #2 It is an uptrend. The short-term moving average should be above the conversion line. And the long-term...
This Momentum indicator shows a green or red ribbon when smoothed momentum is bullish or bearish. It also includes a long moving average for overall trend confirmation. Wait until the ribbon holds above or below the long moving average and take positions in that direction. To get an easier to read momentum indicator, I smoothed the momentum out and paired it next...
StockBee Bullish Momentum Burst & 20% Plus Study Tool The Stockbee bullish momentum burst study tool is helpful for practitioners of the momentum burst method who want to easily find historical momentum bursts and/or 20% plus gainers using Trading View. This script finds three specific breakouts that meet the below criteria: 4% Breakouts (Colors Candle Body) 1....
This indicator is the Mobo Bands (Momentum Breakout Bands). These bands are bollinger bands that have an adjusted standard deviation. There are Buy signals when it has momentum breakouts above the bands for moves to the upside and Sell signals when it has momentum breakouts below the bands for moves to the downside. The bands simply suggest that all markets...
MOMENTUM WITH BULLISH AND BEARISH SIGNALS This is a momentum oscillator that paints red or green depending on whether Momentum is above or below the zero line. It includes a label on the right hand side that will reflect the bullish or bearish direction of the current momentum by changing colors to red or green and text telling you Bullish or Bearish. ***HOW TO...
Hello traders, Let’s start with a brief description of what this strategy/indicator is and what it does and how we trade based on Alpha Candles. The definition of an Alpha Candle is that it is mathematically calculated, and significantly bigger than the previous candles. This could be a green candle or a red candle, as long as the body is significantly...
Price action Momentum Levels/Zones (Expo) indicator identifies relatively stronger Up and Down Momentum. This is visualized by a Zone, or Levels or with Barcolors depending on which settings are used. When the market has relatively stronger momentum it can be a sign that the sellers or buyers are exhausted and the market has to pause, make a pullback, or make a...