INVITE-ONLY SCRIPT
Momentum Edge Pro
█ MOMENTUM EDGE PRO
A multi-timeframe momentum oscillator designed for scalping on lower timeframes (1m, 5m, 15m).
█ HOW IT WORKS
This indicator combines several momentum analysis techniques:
1. Dual EMA Difference - Calculates the difference between fast (8) and slow (21) exponential moving averages to measure momentum direction and strength.
2. Signal Line Smoothing - Applies a 5-period SMA to the momentum line to identify crossover opportunities.
3. Dynamic Histogram - Visualizes momentum strength with 4 distinct colors based on whether momentum is increasing or decreasing above/below zero.
4. Multi-Timeframe Confirmation - Uses a higher timeframe filter to align trades with the larger trend direction.
5. Volume Confirmation - Filters signals to only appear when volume exceeds the 20-period average by a customizable multiplier.
6. RSI Filter - Prevents long entries in overbought conditions (>70) and short entries in oversold conditions (<30).
█ SIGNAL LOGIC
CALL Signal (Green Triangle Up):
- Momentum line crosses above signal line
- Higher timeframe momentum is bullish
- Volume confirms with above-average activity
- RSI is not in overbought zone
- Histogram shows increasing bullish momentum for 2+ bars
PUT Signal (Red Triangle Down):
- Momentum line crosses below signal line
- Higher timeframe momentum is bearish
- Volume confirms with above-average activity
- RSI is not in oversold zone
- Histogram shows increasing bearish momentum for 2+ bars
Weak crosses appear as faded circles - these are filtered out and should be avoided.
█ HISTOGRAM COLORS
Bright Green: Bullish momentum increasing
Dark Green: Bullish momentum decreasing (potential reversal)
Bright Red: Bearish momentum increasing
Dark Red: Bearish momentum decreasing (potential reversal)
█ RECOMMENDED SETTINGS
For 1-minute charts: HTF = 5m
For 5-minute charts: HTF = 15m
For 15-minute charts: HTF = 1H
█ SETTINGS EXPLAINED
Core Settings:
- Fast Period: Controls sensitivity (lower = more reactive)
- Slow Period: Controls trend smoothing (higher = smoother)
- Signal Period: Controls signal line smoothing
Signal Filters:
- Min Histogram Size: Filters weak momentum (increase to reduce signals)
- Volume Multiplier: Required volume above average (1.2 = 20% above average)
- RSI Overbought/Oversold: Levels for RSI filter
█ BEST PRACTICES
1. Always confirm signals with price action
2. Use higher timeframe for trend direction
3. Avoid trading during news events
4. Fading histogram colors warn of potential reversals
5. Combine with support/resistance levels
█ ALERTS
Three alert conditions available:
- CALL Signal: Triggers on green triangle
- PUT Signal: Triggers on red triangle
- Any Signal: Triggers on either signal
To set alerts: Right-click chart → Add Alert → Select condition
A multi-timeframe momentum oscillator designed for scalping on lower timeframes (1m, 5m, 15m).
█ HOW IT WORKS
This indicator combines several momentum analysis techniques:
1. Dual EMA Difference - Calculates the difference between fast (8) and slow (21) exponential moving averages to measure momentum direction and strength.
2. Signal Line Smoothing - Applies a 5-period SMA to the momentum line to identify crossover opportunities.
3. Dynamic Histogram - Visualizes momentum strength with 4 distinct colors based on whether momentum is increasing or decreasing above/below zero.
4. Multi-Timeframe Confirmation - Uses a higher timeframe filter to align trades with the larger trend direction.
5. Volume Confirmation - Filters signals to only appear when volume exceeds the 20-period average by a customizable multiplier.
6. RSI Filter - Prevents long entries in overbought conditions (>70) and short entries in oversold conditions (<30).
█ SIGNAL LOGIC
CALL Signal (Green Triangle Up):
- Momentum line crosses above signal line
- Higher timeframe momentum is bullish
- Volume confirms with above-average activity
- RSI is not in overbought zone
- Histogram shows increasing bullish momentum for 2+ bars
PUT Signal (Red Triangle Down):
- Momentum line crosses below signal line
- Higher timeframe momentum is bearish
- Volume confirms with above-average activity
- RSI is not in oversold zone
- Histogram shows increasing bearish momentum for 2+ bars
Weak crosses appear as faded circles - these are filtered out and should be avoided.
█ HISTOGRAM COLORS
Bright Green: Bullish momentum increasing
Dark Green: Bullish momentum decreasing (potential reversal)
Bright Red: Bearish momentum increasing
Dark Red: Bearish momentum decreasing (potential reversal)
█ RECOMMENDED SETTINGS
For 1-minute charts: HTF = 5m
For 5-minute charts: HTF = 15m
For 15-minute charts: HTF = 1H
█ SETTINGS EXPLAINED
Core Settings:
- Fast Period: Controls sensitivity (lower = more reactive)
- Slow Period: Controls trend smoothing (higher = smoother)
- Signal Period: Controls signal line smoothing
Signal Filters:
- Min Histogram Size: Filters weak momentum (increase to reduce signals)
- Volume Multiplier: Required volume above average (1.2 = 20% above average)
- RSI Overbought/Oversold: Levels for RSI filter
█ BEST PRACTICES
1. Always confirm signals with price action
2. Use higher timeframe for trend direction
3. Avoid trading during news events
4. Fading histogram colors warn of potential reversals
5. Combine with support/resistance levels
█ ALERTS
Three alert conditions available:
- CALL Signal: Triggers on green triangle
- PUT Signal: Triggers on red triangle
- Any Signal: Triggers on either signal
To set alerts: Right-click chart → Add Alert → Select condition
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系A1TradingHub。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Visit Us at: scalping-algo.com for indicators and alert
Get exclusive indicators & Alerts: scalping-algo.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系A1TradingHub。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Visit Us at: scalping-algo.com for indicators and alert
Get exclusive indicators & Alerts: scalping-algo.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。