Momentum Signals – Real-time (Repainting)

28 Ogo

This indicator generates real-time BUY/SELL signals using a confluence of VWMA trend, 3-bar momentum, and volume, then filters them by a strength score.

⚠️ WARNING: This version repaints; signals can appear and disappear before the bar closes.

29 Ogo

Nota Keluaran

Momentum Matrix Signals is a real-time indicator that finds BUY/SELL signals using a VWMA trend, 3-bar momentum, and a strength score. It allows for re-entries. ⚠️ WARNING: This version repaints; signals can disappear before a bar closes.

Signal Scoring
A signal is only considered if it first meets two mandatory conditions: a momentum trend and VWMA trend alignment.

If these are met, the signal is then scored from 0 to 5 based on a checklist of five factors:

1. 2-Bar Trend: Confirms initial momentum.
   
   
2. 3-Bar Trend: Confirms sustained momentum.
   
   
3. VWMA Trend: Confirms main trend alignment.
   
   
4. Volume Pressure (OBV): Confirms money flow.
   
   
5. Volume Spike (RVOL): Confirms market interest.
   
   

A higher score indicates a stronger, higher-conviction signal.