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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.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.