Very Important Market Fractal Alert – Be Prepared for All Scenarios
Trust me, I don’t like this setup either…
But if this historical fractal plays out again.
For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings for overbought/oversold conditions, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates trading signals based on the selected sensitivity mode (Conservative, Balanced, or Aggressive).
Key Features & Signals
1. Multi-Period Trend Identification
The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart.
4 863
The Advanced Momentum Scanner is a sophisticated technical indicator designed to identify market momentum and trend direction using multiple exponential moving averages (EMAs), momentum metrics, and adaptive visualization techniques. It is particularly valuable for those looking to identify trading and investing opportunities based on trend changes and momentum shifts across any market and timeframe.
🟢 Technical Foundation
The Advanced Momentum Scanner utilizes a multi-layered approach with four different EMA periods to identify market momentum and trend direction:
Ultra-Fast EMA for quick trend changes detection (default: 5)
Fast EMA for short-term trend analysis (default: 10)
Mid EMA for intermediate confirmation (default: 30)
Slow EMA for long-term trend identification (default: 100)
For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings for overbought/oversold conditions, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates trading signals based on the selected sensitivity mode (Conservative, Balanced, or Aggressive).
🟢 Key Features & Signals
1. Multi-Period Trend Identification
The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart.
snapshot
When an uptrend is detected, chart elements are colored with the bullish theme color (default: green/teal).
Similarly, when a downtrend is detected, chart elements are colored with the bearish theme color (default: red).
During neutral or indecisive periods, chart elements are colored with a neutral gray color, providing clear visual distinction between trending and non-trending market conditions.
This visualization provides immediate insights into underlying trend direction without requiring separate indicators, helping traders and investors quickly identify the market's current state.
2. Trend Strength Information Panel
The trend panel operates in three different sensitivity modes (Conservative, Aggressive, and Balanced), each affecting how the indicator processes and displays market information.
The Conservative mode prioritizes trend sustainability over frequency, showing only strong trend movements with high probability.
The Aggressive mode detects early trend changes, providing more frequent signals but potentially more false positives.
The Balanced mode offers a middle ground with moderate signal frequency and reliability.
snapshot
Trust me, I don’t like this setup either…
But if this historical fractal plays out again.
For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings for overbought/oversold conditions, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates trading signals based on the selected sensitivity mode (Conservative, Balanced, or Aggressive).
Key Features & Signals
1. Multi-Period Trend Identification
The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart.
4 863
The Advanced Momentum Scanner is a sophisticated technical indicator designed to identify market momentum and trend direction using multiple exponential moving averages (EMAs), momentum metrics, and adaptive visualization techniques. It is particularly valuable for those looking to identify trading and investing opportunities based on trend changes and momentum shifts across any market and timeframe.
🟢 Technical Foundation
The Advanced Momentum Scanner utilizes a multi-layered approach with four different EMA periods to identify market momentum and trend direction:
Ultra-Fast EMA for quick trend changes detection (default: 5)
Fast EMA for short-term trend analysis (default: 10)
Mid EMA for intermediate confirmation (default: 30)
Slow EMA for long-term trend identification (default: 100)
For momentum detection, the indicator implements a Rate of Change (RoC) calculation to measure price momentum over a specified period. It further enhances analysis by incorporating RSI readings for overbought/oversold conditions, volatility measurements through ATR, and optional volume confirmation. When these elements align, the indicator generates trading signals based on the selected sensitivity mode (Conservative, Balanced, or Aggressive).
🟢 Key Features & Signals
1. Multi-Period Trend Identification
The indicator combines multiple EMAs of different lengths to provide comprehensive trend analysis within the same timeframe, displaying the information through color-coded visual elements on the chart.
snapshot
When an uptrend is detected, chart elements are colored with the bullish theme color (default: green/teal).
Similarly, when a downtrend is detected, chart elements are colored with the bearish theme color (default: red).
During neutral or indecisive periods, chart elements are colored with a neutral gray color, providing clear visual distinction between trending and non-trending market conditions.
This visualization provides immediate insights into underlying trend direction without requiring separate indicators, helping traders and investors quickly identify the market's current state.
2. Trend Strength Information Panel
The trend panel operates in three different sensitivity modes (Conservative, Aggressive, and Balanced), each affecting how the indicator processes and displays market information.
The Conservative mode prioritizes trend sustainability over frequency, showing only strong trend movements with high probability.
The Aggressive mode detects early trend changes, providing more frequent signals but potentially more false positives.
The Balanced mode offers a middle ground with moderate signal frequency and reliability.
snapshot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.