OPEN-SOURCE SCRIPT
Mongoose Capital: FlowWave + Conviction Strip
🟩 Indicator Name
Mongoose Capital: FlowWave + Conviction Strip
📜 Short Description
Smoothed Money Flow Oscillator with conviction scoring columns to assess flow strength.
🧠 Description (Long Form)
The Mongoose Capital: FlowWave + Conviction Strip is a refined visualization of money flow dynamics designed to identify shifts in volume pressure and trend strength.
This dual-panel indicator includes:
• FlowWave Line — A smoothed momentum curve built from normalized money flow data, filtered through dual EMAs. Green (positive) and purple (negative) segments help traders quickly assess bias shifts.
• Conviction Score Columns — A histogram below the zero line shows strength of flow deltas (momentum of volume pressure). Green/red bars appear when strength exceeds a critical threshold, while gray bars indicate low conviction.
• Background Zone Coloring — Optional dark red/green gradient to enhance visibility of positive/negative phases.
✅ Designed for traders who value clarity and minimal noise
✅ Pairs well with macro trend filters or breakout strategies
✅ Built and published by Mongoose Capital
🔧 Default Settings
Money Flow Length: 14
Signal Cooldown: 5 bars
Source: HLC3
EMA Wave Filter: 3
Strength Threshold: 20
🧪 Suggested Use
Confirm entries/exits in trend continuation setups
Identify divergences between price and money flow
Filter low-conviction trades using the histogram's gray zone
Spot early accumulation or distribution through wave crossovers
📢 Author
Published by: TheRealMongoose
Powered by: Mongoose Capital
Feel free to tag us in your setups.
Mongoose Capital: FlowWave + Conviction Strip
📜 Short Description
Smoothed Money Flow Oscillator with conviction scoring columns to assess flow strength.
🧠 Description (Long Form)
The Mongoose Capital: FlowWave + Conviction Strip is a refined visualization of money flow dynamics designed to identify shifts in volume pressure and trend strength.
This dual-panel indicator includes:
• FlowWave Line — A smoothed momentum curve built from normalized money flow data, filtered through dual EMAs. Green (positive) and purple (negative) segments help traders quickly assess bias shifts.
• Conviction Score Columns — A histogram below the zero line shows strength of flow deltas (momentum of volume pressure). Green/red bars appear when strength exceeds a critical threshold, while gray bars indicate low conviction.
• Background Zone Coloring — Optional dark red/green gradient to enhance visibility of positive/negative phases.
✅ Designed for traders who value clarity and minimal noise
✅ Pairs well with macro trend filters or breakout strategies
✅ Built and published by Mongoose Capital
🔧 Default Settings
Money Flow Length: 14
Signal Cooldown: 5 bars
Source: HLC3
EMA Wave Filter: 3
Strength Threshold: 20
🧪 Suggested Use
Confirm entries/exits in trend continuation setups
Identify divergences between price and money flow
Filter low-conviction trades using the histogram's gray zone
Spot early accumulation or distribution through wave crossovers
📢 Author
Published by: TheRealMongoose
Powered by: Mongoose Capital
Feel free to tag us in your setups.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
TheRealMongoose
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
TheRealMongoose
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.