OPEN-SOURCE SCRIPT
Momentum Ignition System PRO+
🚀 Momentum Ignition System PRO+
A hybrid momentum-trend indicator designed for traders who focus on:
Volatility Contraction Patterns (VCP)
Momentum ignition setups
EMA trend structure
Institutional accumulation zones
Breakout trading
This indicator combines trend, momentum, anchored VWAP, volatility, and market structure into a single clean framework for identifying high-probability breakout candidates.
🔥 Key Features
✅ RSI Momentum Ignition Engine
Uses:
RSI(14)
WMA(200) of RSI
The indicator plots:
🟢 Bullish arrows when RSI crosses ABOVE WMA(200)
🔴 Bearish arrows when RSI crosses BELOW WMA(200)
This helps identify:
momentum regime shifts
early trend ignition
potential breakout expansion phases
✅ Multi-EMA Trend Structure
Includes customizable:
EMA 10
EMA 20
EMA 50
EMA 200
Useful for:
trend alignment
pullback entries
trend continuation
institutional trend structure
✅ Bullish / Bearish EMA Cloud
Dynamic cloud between EMA20 & EMA50:
🟢 Green Cloud → bullish trend structure
🔴 Red Cloud → bearish trend structure
Helps visualize:
trend health
base formation
momentum alignment
✅ Anchored VWAP
Custom Anchored VWAP with selectable anchor periods:
Session
Weekly
Monthly
Anchored VWAP helps identify:
institutional average price
support/resistance
accumulation zones
fair value areas
✅ ADR% (Average Daily Range)
Displays customizable ADR% table with dynamic coloring.
Color Logic:
🟢 Green → high expansion potential
🟠 Orange → moderate volatility
🔴 Red → low volatility
Useful for:
breakout potential
volatility expansion
position sizing
🎯 Ideal Usage
Best suited for:
Swing Trading
Momentum Trading
Breakout Trading
VCP Setups
Qullamaggie-style setups
Minervini-style trend continuation setups
A hybrid momentum-trend indicator designed for traders who focus on:
Volatility Contraction Patterns (VCP)
Momentum ignition setups
EMA trend structure
Institutional accumulation zones
Breakout trading
This indicator combines trend, momentum, anchored VWAP, volatility, and market structure into a single clean framework for identifying high-probability breakout candidates.
🔥 Key Features
✅ RSI Momentum Ignition Engine
Uses:
RSI(14)
WMA(200) of RSI
The indicator plots:
🟢 Bullish arrows when RSI crosses ABOVE WMA(200)
🔴 Bearish arrows when RSI crosses BELOW WMA(200)
This helps identify:
momentum regime shifts
early trend ignition
potential breakout expansion phases
✅ Multi-EMA Trend Structure
Includes customizable:
EMA 10
EMA 20
EMA 50
EMA 200
Useful for:
trend alignment
pullback entries
trend continuation
institutional trend structure
✅ Bullish / Bearish EMA Cloud
Dynamic cloud between EMA20 & EMA50:
🟢 Green Cloud → bullish trend structure
🔴 Red Cloud → bearish trend structure
Helps visualize:
trend health
base formation
momentum alignment
✅ Anchored VWAP
Custom Anchored VWAP with selectable anchor periods:
Session
Weekly
Monthly
Anchored VWAP helps identify:
institutional average price
support/resistance
accumulation zones
fair value areas
✅ ADR% (Average Daily Range)
Displays customizable ADR% table with dynamic coloring.
Color Logic:
🟢 Green → high expansion potential
🟠 Orange → moderate volatility
🔴 Red → low volatility
Useful for:
breakout potential
volatility expansion
position sizing
🎯 Ideal Usage
Best suited for:
Swing Trading
Momentum Trading
Breakout Trading
VCP Setups
Qullamaggie-style setups
Minervini-style trend continuation setups
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.