Finlu Momentum PRO

Finlu Momentum PRO is a momentum oscillator designed to detect exhaustion zones and potential short-term reversals.

The indicator calculates a smoothed momentum from price changes and normalizes it around 0. On top of that momentum, it builds:

Overbought and oversold levels: when the main line enters these zones, it highlights extreme momentum conditions.

Central neutral zone: helps distinguish strong momentum phases from consolidation phases.

Signal line: a moving average of the momentum itself, used to confirm crossovers and exits from extreme zones.

Repetition filters: limit the number of consecutive signals to reduce noise when the market is ranging.

Reversal detection: additional conditions that require momentum to turn from extreme zones before enabling a signal.

Divergences: compares price highs and lows with the momentum line to highlight potential exhaustion of the move.

Basic usage:

Sell signals when momentum comes from overbought, loses strength and crosses below the signal line, while passing the reversal and repetition filters.

Buy signals when the opposite occurs from oversold levels.

Bearish divergences appear when price makes a higher high, but momentum makes a lower high.

Bullish divergences appear when price makes lower lows, but momentum makes higher lows.

This indicator is designed to be combined with your own price-action and market structure analysis. It is not a buy/sell recommendation or a standalone automated system. The user remains fully responsible for risk management, instrument selection and timeframe choice.