PROTECTED SOURCE SCRIPT
Momentum Intensity Angles
Ever wanted to stick a protractor on screen to measure the angle of the momentum?
Well with this indicator, you can measure the degree of INTRADAY momentum on 5 mins timeframe (*works on all the charts, stock, commodity, forex, crypto, derivatives) , you can see on what angle the price is showing momentum. With this study you can get an estimate of the intensity of the momentum.
Note: Will work only on 5 mins timeframe, from very first candle of the intraday session. Also can change colors of the lines in indicator settings.
How to use:
0° to 30° (either side) = Sideways, no direction, avoid trading.
30° to 45°(either side) = Mild momentum.
45° to 60° (either side) = Picture Perfect 45° Momentum, respects 9 EMA.
60° to 75° (either side) = Extreme buying/Selling Pressure.
Above 75° (either side) = Extreme Momentum, one that breaks supports or resistances, Trade with caution, as sharp REVERSALS as expected.
Disclaimer/Warning: This indicator does not provide Buy/Sell signals or nor is an investment advice. This indicator solely for the purpose of study of price and its momentum. Users are responsible for their own actions, profit/loss of the users is not the liability of author.
Well with this indicator, you can measure the degree of INTRADAY momentum on 5 mins timeframe (*works on all the charts, stock, commodity, forex, crypto, derivatives) , you can see on what angle the price is showing momentum. With this study you can get an estimate of the intensity of the momentum.
Note: Will work only on 5 mins timeframe, from very first candle of the intraday session. Also can change colors of the lines in indicator settings.
How to use:
0° to 30° (either side) = Sideways, no direction, avoid trading.
30° to 45°(either side) = Mild momentum.
45° to 60° (either side) = Picture Perfect 45° Momentum, respects 9 EMA.
60° to 75° (either side) = Extreme buying/Selling Pressure.
Above 75° (either side) = Extreme Momentum, one that breaks supports or resistances, Trade with caution, as sharp REVERSALS as expected.
Disclaimer/Warning: This indicator does not provide Buy/Sell signals or nor is an investment advice. This indicator solely for the purpose of study of price and its momentum. Users are responsible for their own actions, profit/loss of the users is not the liability of author.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.