Advanced Momentum Tracker

The Advanced Momentum Tracker (AMT) is a technical indicator designed to identify high-probability trend reversals and momentum shifts in real-time. Unlike traditional indicators that rely solely on mathematical formulas, AMT analyzes price action structure and historical patterns to detect when market momentum is shifting from bullish to bearish (and vice versa).

Core Methodology:
The indicator tracks consecutive price movements and maintains a comprehensive database of historical momentum patterns. It identifies trend changes by analyzing:

Sequential candle relationships (opens and closes)
Break of key trailing stop levels formed by recent price action
Historical success rates of similar momentum patterns

Key Features
1. Dynamic Levels:

Automatically plots real-time dynamic trailing stop levels based on current momentum
Color-coded lines: Green for bullish momentum, Red for bearish momentum
These levels act as trigger points for potential trend changes

2. Entry Signal Markers:

Clear BUY (↑) and SELL (↓) arrows when momentum shifts are detected
Arrows positioned above/below candles for maximum visibility ,Signals only appear on confirmed trend changes

3. Momentum Score Display:

Shows statistical probability based on historical pattern analysis
Displays strength percentage of current momentum continuation
Helps traders assess confidence level of the current trend

4. Exit Zone Indicator:

Plots recommended exit levels for active positions
Dynamic color coding: Red for long exits, Green for short exits
Warning system (orange) when price breaches exit zones

5. Position Management Filter:

Optional risk filter to avoid trades with excessive distance from trigger level
Customizable position threshold percentage
Helps maintain consistent risk-reward ratios

6. Comprehensive Alert System:

Customizable alert messages for both long and short signals
Configurable alert frequency (once per bar or once per bar close)
Real-time notifications for all signal types

Customization Options-
Visual Settings:

Toggle visibility of current price level, momentum score, and exit zones
Customizable colors for all elements (bullish/bearish themes)
Adjustable line thickness for dynamic levels

Entry Markers:

Custom colors for long and short entry signals
Adjustable arrow distance from candles

Core Parameters:

Historical Depth: Amount of past data to analyze (default: 20,000 bars)
Sensitivity Level: Controls how strong a move must be to trigger signals (default: 4)

Higher values = fewer but stronger signals
Lower values = more signals with earlier entries



Position Management:

Enable/disable position filter
Set maximum acceptable risk threshold as percentage

How It Works:-

Momentum Detection Engine: The script continuously monitors price action, tracking each bullish and bearish leg. It maintains arrays of opens, closes, and counts to build a comprehensive picture of market structure.
Pattern Recognition: When price breaks key levels (minimum/maximum of recent candles based on sensitivity), the indicator recognizes a potential momentum shift.
Statistical Validation: The script compares the current pattern against its historical database to calculate the probability of momentum continuation.
Signal Generation: When a valid trend change is detected (and passes the position filter if enabled), entry signals are displayed with corresponding exit zones.

Best Use Cases:

Swing trading on any timeframe (works on 1m to 1D charts)
Trend reversal identification
Momentum trading strategies
Works on all markets: Forex, Stocks, Crypto, Indices, Commodities etc

Recommended Settings:

Scalping/Day Trading: Sensitivity 2-3, Historical Depth 10,000-20,000
Swing Trading: Sensitivity 3-4, Historical Depth 20,000-30,000
Position Trading: Sensitivity 4-5, Historical Depth 30,000+

Important Notes:

Signals appear only on confirmed bars (not on real-time candles unless confirmed)
The momentum score becomes more accurate as more historical data is processed
Position filter should be adjusted based on the volatility of the instrument being traded
Best used in conjunction with proper risk management and position sizing

What Makes This Indicator Unique:
Unlike indicators that simply apply mathematical formulas to price data, AMT learns from historical price behavior. It doesn't just tell you what happened—it tells you what's likely to happen next based on thousands of similar situations in the past. The statistical momentum score provides an edge that pure technical indicators cannot offer.

Disclaimer: This indicator is a tool for technical analysis and should not be used as the sole basis for trading decisions. Always use proper risk management and combine with your own analysis. Happy Trading !!