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Momentum Indicator for Day Trading

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This indicator was built to help you concentrate on the following scenarios:
- Best Entry points on fast momentum breaks:
  • Momentum takes no longer than several minutes (2 to 5 minutes ~)
  • Strong break without good entry point along - you should act fast

- Best Entry points on long momentum breaks:
  • Momentum can take between 15 minutes to 1 hour.
  • Has good entry points along the trend.

The following are the marks of those trends:
  • ✅ - Long trend possibility entry point.
  • 📈 - Short trend possibility entry point.
  • 👮‍♂️ - Negative sign - watch out!
  • 📉🛒 - Buying the dip sign which means possible second option after the first trend already finished.


Goodluck!
Nota Keluaran
Replaced all highest and lowest functions with for loop for more checks.

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.