Sri_Momentum Burst Histogram

📝 Description :
🌀 Sri_Momentum Burst Histogram — A Custom Momentum and Volatility Fusion Tool
The Sri_Momentum Burst Histogram is a unique technical analysis tool designed to visualize sudden changes in price momentum in the form of a dynamic, color-coded histogram. This indicator helps traders identify trend accelerations, early momentum shifts, and potential exhaustion in real time.

By combining a MACD-like momentum engine with a volatility-sensitive Bollinger Band range, this script offers an enhanced view of market bursts — moments where momentum "pops" beyond typical ranges. The result is a refined perspective on market sentiment, helping traders to anticipate reversals, follow breakouts, and assess the relative strength of ongoing trends.

🧠 Core Methodology
The indicator calculates the difference between a fast and slow EMA (Exponential Moving Average), similar to a MACD histogram.

This difference is then compared across candles to gauge the rate of change in momentum — referred to here as a “momentum burst.”

A sensitivity multiplier allows you to scale the response based on your preferred timeframe and trading style.

A volatility band, derived from Bollinger Band logic, is used to frame the relative intensity of the momentum change.

The histogram is divided into two parts:

Green/Lime Bars represent increasing and decreasing bullish momentum.

Red/Orange Bars represent increasing and decreasing bearish momentum.

⚙️ Customizable Inputs
Momentum Sensitivity: Adjust the responsiveness of the burst detection mechanism.

Short EMA Period: Sets the lookback period for the fast EMA.

Long EMA Period: Sets the lookback period for the slow EMA.

Volatility Band Length: Controls the length used for Bollinger Band calculations.

Band Std Dev Multiplier: Adjusts how wide the volatility range should be, based on price dispersion.

📈 How to Use It
Use the green/red histogram bars to visually gauge momentum strength and direction.

Watch for transitions in color intensity (e.g., green to lime, red to orange) as early warning signs of trend exhaustion or reversal.

Combine with other indicators like RSI, MACD, ADX, or volume profiles to confirm entry/exit points.

Useful in both trending and ranging markets, especially on lower timeframes for scalping or intraday setups.

✅ Key Features
Easy-to-read histogram with intuitive color coding.

Fully customizable settings for fine-tuned signal control.

Can be used on any asset class — stocks, forex, crypto, commodities.

Optimized for real-time use with minimal lag.

🔐 This script is an original creation, developed independently by adapting publicly known mathematical concepts into a unique visualization tool. All function and variable names have been customized for originality and compliance with TradingView’s publishing and community standards.

💡 Developed by: venkat_27
🧩 For educational purposes only — not financial advice.