Composite Momentum System

19 jam yang lalu

⚙️ Composite Momentum System — RSI + CCI + Momentum + MFI + (DI·ADX) × MACD² (4-Color Smoothed Signal)

This advanced indicator fuses multiple momentum, volume, and trend components into one unified oscillator, dynamically visualized around a zero line. It helps traders identify powerful directional moves, trend reversals, and momentum exhaustion far earlier than traditional MACD or RSI alone.

🧩 Core Formula

Composite = ((RSI + CCI + Momentum + MFI) + (((DI− × −1) + DI+) × ADX)) × (MACD²)

RSI – captures relative strength and short-term momentum

CCI – measures deviation from price mean (volatility & cycles)

Momentum – shows raw velocity of price change

MFI – volume-weighted momentum, adds money flow confirmation

DI / ADX – directional strength and market trend intensity

MACD² – amplifies strong momentum moves and filters weak noise

🌈 Visual Design & Features

Zero-Centered Histogram:
Green = Bullish momentum, Red = Bearish momentum

MACD Signal Line (4 Colors):

🟢 Positive & Rising → strong up momentum

🟡 Positive & Falling → weakening uptrend

🔴 Negative & Falling → strong downtrend

🟠 Negative & Rising → possible bearish fade or reversal

Adjustable Signal Smoothing:
Choose MA type (SMA, EMA, RMA, WMA, VWMA) and custom smoothing length for cleaner visualization.

ATR Normalization:
Optional setting to keep MACD and composite values consistent across instruments.

Centering Options:
RSI and MFI can be centered (−50/+50) to balance oscillation around zero.

🎯 How to Use

Above 0: Bullish composite energy → favor long setups.

Below 0: Bearish composite energy → favor short setups.

Signal line color changes highlight momentum acceleration or slowdown.

Crosses through zero often precede major shifts or breakout moments.

⚡ Best Practice

Use this indicator as a momentum strength filter in confluence with price action or volume patterns.
Combine it with VWAP, higher-timeframe trend, or support/resistance zones for high-probability entries.

10 jam yang lalu

Catatan Rilis

⚙️ Composite Momentum System — RSI + CCI + Momentum + MFI + (DI·ADX) × MACD² (4-Color Smoothed Signal)

A unified momentum-trend oscillator combining RSI, CCI, Momentum, MFI, DI, ADX, and squared MACD, dynamically plotted around zero.

📚 Attribution:
This script uses the volatility-normalized MACD (MACD ÷ ATR) idea originally proposed by Alex Spiroglou in “MACD-v: Volatility Normalised Momentum” (2015 concept, 2022 publication).
Alex Spiroglou received both the NAAIM Founders Award (2022) and the CMT Association Charles H. Dow Award (2022) for this research.
No original code was reused — only the conceptual normalization technique is acknowledged.

💡 How to Use:
Positive values → bullish composite momentum.
Negative values → bearish composite momentum.
Signal-line color shifts indicate acceleration or weakening of momentum.