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Triple Momentum Convergence v1.0.0

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The "Triple Momentum Convergence" indicator is a powerful Pine Script tool designed to help you pinpoint high-probability trading setups by combining the signals of three distinct momentum indicators. This unique strategy is built on the principle that when multiple, independent momentum sources align, the likelihood of a strong directional move increases significantly.

This indicator uses a proprietary algorithm to analyze:
  • Short-Term Momentum: Capturing swift movements for rapid entries and exits.
  • Medium-Term Momentum: Identifying a sustained trend in motion.
  • Long-Term Momentum: Confirming the overall market direction.


The indicator plots clear signals on your chart when all three momentum phases converge, providing a high-conviction entry point. It's an ideal tool for traders who want to filter out false signals and trade with more confidence, focusing on moments when the market is in strong agreement.

Penafian

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