OPEN-SOURCE SCRIPT
SIL Momentum & Participation Engine
The **SIL Momentum & Participation Engine** is an oscillator designed to answer three questions:
1. Is there directional force?
2. Is volume participating in the move?
3. Is the price movement efficient?
It does not generate entries, BUY/SELL signals, stop-losses, or targets.
### MOM — Momentum
The thick main line combines three speeds of the Elder Force Index:
- Fast EFI reacts quickly.
- Medium EFI stabilizes the reading.
- Slow EFI measures persistent force.
Interpretation:
- Above the neutral zone: bullish force.
- Below the neutral zone: bearish force.
- Inside the neutral zone: insufficient or undefined force.
- Rising: positive acceleration.
- Falling: negative acceleration.
Its color also reflects movement efficiency:
- Bright green/red: efficient directional movement.
- Faded green/red: direction exists, but efficiency is weak.
- Grey: neutral momentum.
### PART — Participation
The thinner line is derived from a transformed Accumulation/Distribution calculation.
It indicates whether volume participation supports the movement:
- Positive: bullish participation.
- Negative: bearish participation.
- Near zero: weak or balanced participation.
With confirmation coloring enabled:
- Cyan: participation confirms bullish momentum.
- Orange: participation confirms bearish momentum.
- Grey: Momentum and Participation disagree or are in transition.
### M-AVG — Momentum Average
The thin white line is a short moving average of Momentum.
It does not determine direction. It helps reveal acceleration and deceleration:
- MOM moving away from M-AVG: force is accelerating.
- MOM approaching M-AVG: force is weakening.
- MOM crossing M-AVG: relative velocity has changed, not necessarily the trend.
### KER — Efficiency
The Kaufman Efficiency Ratio measures how directly price is moving.
- High KER: clean and efficient movement.
- Medium KER: usable movement with some noise.
- Low KER: substantial internal movement with little net progress.
KER does not define direction. By default, it changes the color or transparency of the MOM line. Its separate diagnostic line is optional.
### `+σ` and `−σ` Bands
These are statistical bands calculated around Momentum:
- MOM inside the bands: normal recent behavior.
- MOM approaching a band: relatively strong momentum.
- MOM crossing a band: unusual expansion.
- Narrow bands: compression.
- Wide bands: increased momentum variability.
Crossing a band is not automatically a reversal signal. It may indicate strong continuation.
### Energy Field
The green or red shaded area between Momentum and its statistical average represents directional acceleration:
- Stronger shading: Momentum is gaining energy.
- Fading shading: Momentum is decelerating.
- Green: bullish energy.
- Red: bearish energy.
## Typical readings
**Healthy bullish continuation**
```text
MOM positive and rising
PART positive
High KER
Green energy increasing
```
**Healthy bearish continuation**
```text
MOM negative and falling
PART negative
High KER
Red energy increasing
```
**Movement without participation**
```text
MOM directional
PART neutral or opposite
```
Price is moving, but volume participation does not confirm it.
**Loss of force**
```text
MOM remains directional
MOM approaches M-AVG
Energy fades
KER begins to decline
```
The movement continues, but it is becoming less efficient.
**Choppy conditions**
```text
MOM repeatedly crosses zero
PART changes direction frequently
Low KER
Weak energy
```
The central idea is:
> `MOM` shows force, `PART` shows whether volume participates, and `KER` shows whether the movement is efficient.
It is a context and confirmation tool, not an entry system.
1. Is there directional force?
2. Is volume participating in the move?
3. Is the price movement efficient?
It does not generate entries, BUY/SELL signals, stop-losses, or targets.
### MOM — Momentum
The thick main line combines three speeds of the Elder Force Index:
- Fast EFI reacts quickly.
- Medium EFI stabilizes the reading.
- Slow EFI measures persistent force.
Interpretation:
- Above the neutral zone: bullish force.
- Below the neutral zone: bearish force.
- Inside the neutral zone: insufficient or undefined force.
- Rising: positive acceleration.
- Falling: negative acceleration.
Its color also reflects movement efficiency:
- Bright green/red: efficient directional movement.
- Faded green/red: direction exists, but efficiency is weak.
- Grey: neutral momentum.
### PART — Participation
The thinner line is derived from a transformed Accumulation/Distribution calculation.
It indicates whether volume participation supports the movement:
- Positive: bullish participation.
- Negative: bearish participation.
- Near zero: weak or balanced participation.
With confirmation coloring enabled:
- Cyan: participation confirms bullish momentum.
- Orange: participation confirms bearish momentum.
- Grey: Momentum and Participation disagree or are in transition.
### M-AVG — Momentum Average
The thin white line is a short moving average of Momentum.
It does not determine direction. It helps reveal acceleration and deceleration:
- MOM moving away from M-AVG: force is accelerating.
- MOM approaching M-AVG: force is weakening.
- MOM crossing M-AVG: relative velocity has changed, not necessarily the trend.
### KER — Efficiency
The Kaufman Efficiency Ratio measures how directly price is moving.
- High KER: clean and efficient movement.
- Medium KER: usable movement with some noise.
- Low KER: substantial internal movement with little net progress.
KER does not define direction. By default, it changes the color or transparency of the MOM line. Its separate diagnostic line is optional.
### `+σ` and `−σ` Bands
These are statistical bands calculated around Momentum:
- MOM inside the bands: normal recent behavior.
- MOM approaching a band: relatively strong momentum.
- MOM crossing a band: unusual expansion.
- Narrow bands: compression.
- Wide bands: increased momentum variability.
Crossing a band is not automatically a reversal signal. It may indicate strong continuation.
### Energy Field
The green or red shaded area between Momentum and its statistical average represents directional acceleration:
- Stronger shading: Momentum is gaining energy.
- Fading shading: Momentum is decelerating.
- Green: bullish energy.
- Red: bearish energy.
## Typical readings
**Healthy bullish continuation**
```text
MOM positive and rising
PART positive
High KER
Green energy increasing
```
**Healthy bearish continuation**
```text
MOM negative and falling
PART negative
High KER
Red energy increasing
```
**Movement without participation**
```text
MOM directional
PART neutral or opposite
```
Price is moving, but volume participation does not confirm it.
**Loss of force**
```text
MOM remains directional
MOM approaches M-AVG
Energy fades
KER begins to decline
```
The movement continues, but it is becoming less efficient.
**Choppy conditions**
```text
MOM repeatedly crosses zero
PART changes direction frequently
Low KER
Weak energy
```
The central idea is:
> `MOM` shows force, `PART` shows whether volume participates, and `KER` shows whether the movement is efficient.
It is a context and confirmation tool, not an entry system.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.