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
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.
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.