OPEN-SOURCE SCRIPT
Updated mohit Momentum
mohit Momentum is a highly versatile technical analysis tool designed to track market momentum across multiple timeframes simultaneously, helping traders stay on the right side of the primary trend.
Core Architecture & Logic
The indicator calculates a custom momentum curve using the exponential relationship between fast, slow, and signal EMA lengths. It evaluates current market conditions across three specific layers:
1.Current Timeframe Trend: Tracks whether the momentum line is positioned above or below its signal line, signaling short-term bullish or bearish pressure.
2.Zero-Line Absolute Trend: Determines if the overall absolute trend is structural by monitoring whether momentum is trading in positive territory (above zero) or negative territory (below zero).
3.Higher Timeframe (HTF) Filter: Fetches trend data from a larger, customizable background timeframe (e.g., Weekly chart) to act as a macro trend shield, protecting you from trading against dominant market forces.
Dynamic Information Table
The script automatically plots a real-time summary dashboard directly on your chart, displaying:
Current TF: Dynamically shows a state classification (e.g., ▲ Strong Bull, ▲ Weak Bull, ▼ Strong Bear, or ▼ Weak Bear) based on the combined interaction of the MACD crossovers and the absolute zero line.
HTF Row: Displays a clear status indicator (▲ Bullish, ▼ Bearish, or — Neutral) reflecting structural momentum on the high-level timeframe.
Signal: Automatically generates consensus summaries—flagging highly confident setups as Confirmed Bull or Confirmed Bear when structural timeframes align, or warning you with a Conflicting state when the market is out of sync.
Visual Elements & Smart Features
Trend-Synced Backgrounds: Paints the entire chart area with customizable opacity colors (Green/Red) when highly confirmed trend setups trigger.
Execution Cross Markers: Plots distinct shape markers (Triangles and Circles) on the chart tracking structural HTF-confirmed crossovers and absolute zero-line breaks.
Fully Modular Alert System: Pre-loaded with complete alert configurations tracking structural crosses, macro alignment, and zero-boundary breakouts so you never miss a verified directional shift.
Core Architecture & Logic
The indicator calculates a custom momentum curve using the exponential relationship between fast, slow, and signal EMA lengths. It evaluates current market conditions across three specific layers:
1.Current Timeframe Trend: Tracks whether the momentum line is positioned above or below its signal line, signaling short-term bullish or bearish pressure.
2.Zero-Line Absolute Trend: Determines if the overall absolute trend is structural by monitoring whether momentum is trading in positive territory (above zero) or negative territory (below zero).
3.Higher Timeframe (HTF) Filter: Fetches trend data from a larger, customizable background timeframe (e.g., Weekly chart) to act as a macro trend shield, protecting you from trading against dominant market forces.
Dynamic Information Table
The script automatically plots a real-time summary dashboard directly on your chart, displaying:
Current TF: Dynamically shows a state classification (e.g., ▲ Strong Bull, ▲ Weak Bull, ▼ Strong Bear, or ▼ Weak Bear) based on the combined interaction of the MACD crossovers and the absolute zero line.
HTF Row: Displays a clear status indicator (▲ Bullish, ▼ Bearish, or — Neutral) reflecting structural momentum on the high-level timeframe.
Signal: Automatically generates consensus summaries—flagging highly confident setups as Confirmed Bull or Confirmed Bear when structural timeframes align, or warning you with a Conflicting state when the market is out of sync.
Visual Elements & Smart Features
Trend-Synced Backgrounds: Paints the entire chart area with customizable opacity colors (Green/Red) when highly confirmed trend setups trigger.
Execution Cross Markers: Plots distinct shape markers (Triangles and Circles) on the chart tracking structural HTF-confirmed crossovers and absolute zero-line breaks.
Fully Modular Alert System: Pre-loaded with complete alert configurations tracking structural crosses, macro alignment, and zero-boundary breakouts so you never miss a verified directional shift.
Release Notes
color coding changeOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.