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Golden Crossover Momentum Check

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๐Ÿ“Š Golden Cross Momentum Screener โ€” Summary
๐Ÿ” What It Does

This indicator identifies Golden Cross events โ€” where the 50 EMA crosses above the 200 EMA, signaling a potential long-term trend reversal โ€” and evaluates the momentum strength to help determine whether price is likely to:

Surge immediately (Group B), or
Retrace first (Group A)

It uses 5 momentum-confirming conditions to score the quality of the breakout and display a single label on the chart with a classification.
โœ… Momentum Conditions Validated

RSI > 60 and rising โ€“ Indicates bullish buying pressure
MACD Histogram > 0 and rising โ€“ Confirms increasing momentum
Volume > 2ร— 20-day average โ€“ Validates participation on the breakout
ADX > 25 โ€“ Measures trend strength
Price is >5% above 200 EMA โ€“ Confirms price extension above long-term trend

Each passing condition adds 1 point to the momentum score (0โ€“5).
๐Ÿ“ˆ How to Use

Watch for a Golden Cross signal (triangle appears below candle)

If momentum score โ‰ฅ 4, the script labels the setup as:
"๐Ÿš€ Surge Likely (Group B)" โ€” consider immediate breakout entries

If score is 2โ€“3, labeled:
"๐Ÿ”„ Pullback Likely (Group A)" โ€” expect retest/consolidation before continuation

If score < 2, labeled:
"โŒ No Momentum Confirmed" โ€” avoid or wait for confirmation
Nota Keluaran
Made some minor cosmetic changes.
Nota Keluaran
๐Ÿ“Š Golden Cross Momentum Screener โ€” Summary
๐Ÿ” What It Does

This indicator identifies Golden Cross events โ€” where the 50 EMA crosses above the 200 EMA, signaling a potential long-term trend reversal โ€” and evaluates the momentum strength to help determine whether price is likely to:

Surge immediately (Group B), or
Retrace first (Group A)

It uses 5 momentum-confirming conditions to score the quality of the breakout and display a single label on the chart with a classification.
โœ… Momentum Conditions Validated

RSI > 60 and rising โ€“ Indicates bullish buying pressure
MACD Histogram > 0 and rising โ€“ Confirms increasing momentum
Volume > 2ร— 20-day average โ€“ Validates participation on the breakout
ADX > 25 โ€“ Measures trend strength
Price is >5% above 200 EMA โ€“ Confirms price extension above long-term trend

Each passing condition adds 1 point to the momentum score (0โ€“5).
๐Ÿ“ˆ How to Use

Watch for a Golden Cross signal (triangle appears below candle)

If momentum score โ‰ฅ 4, the script labels the setup as:
"๐Ÿš€ Surge Likely (Group B)" โ€” consider immediate breakout entries

If score is 2โ€“3, labeled:
"๐Ÿ”„ Pullback Likely (Group A)" โ€” expect retest/consolidation before continuation

If score < 2, labeled:
"โŒ No Momentum Confirmed" โ€” avoid or wait for confirmation
Nota Keluaran
๐Ÿ“Š Golden Cross Momentum Screener โ€” Summary
๐Ÿ” What It Does

This indicator identifies Golden Cross events โ€” where the 50 EMA crosses above the 200 EMA, signaling a potential long-term trend reversal โ€” and evaluates the momentum strength to help determine whether price is likely to:

Surge immediately (Group B), or
Retrace first (Group A)

It uses 5 momentum-confirming conditions to score the quality of the breakout and display a single label on the chart with a classification.
โœ… Momentum Conditions Validated

RSI > 60 and rising โ€“ Indicates bullish buying pressure
MACD Histogram > 0 and rising โ€“ Confirms increasing momentum
Volume > 2ร— 20-day average โ€“ Validates participation on the breakout
ADX > 25 โ€“ Measures trend strength
Price is >5% above 200 EMA โ€“ Confirms price extension above long-term trend

Each passing condition adds 1 point to the momentum score (0โ€“5).
๐Ÿ“ˆ How to Use

Watch for a Golden Cross signal (triangle appears below candle)

If momentum score โ‰ฅ 4, the script labels the setup as:
"๐Ÿš€ Surge Likely (Group B)" โ€” consider immediate breakout entries

If score is 2โ€“3, labeled:
"๐Ÿ”„ Pullback Likely (Group A)" โ€” expect retest/consolidation before continuation

If score < 2, labeled:
"โŒ No Momentum Confirmed" โ€” avoid or wait for confirmation

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.