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Momentum Matrix Signal

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Momentum Matrix Signals is a real-time indicator that finds BUY/SELL signals using a VWMA trend, closing momentum, and a strength score. It allows for re-entries & exits. ⚠️ 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.

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