OPEN-SOURCE SCRIPT
Normalized Momentum
Indicator Description:
This indicator is designed to help traders identify market structure, trend direction, volatility conditions, and potential reversal zones. It combines price‑action logic with dynamic calculations to highlight key areas of interest and improve decision‑making across different timeframes.
The tool automatically analyzes recent price behavior and visualizes important signals such as trend shifts, momentum changes, breakout conditions, and support/resistance reactions. It can be used for scalping, intraday trading, swing trading, or long‑term analysis.
Key Features:
Detects trend direction and potential trend reversals
Highlights important support and resistance zones
Identifies momentum strength and volatility changes
Works on all markets (Forex, Crypto, Stocks, Indices, Commodities)
Fully customizable parameters for fine‑tuning
Suitable for beginners and advanced traders
Helps filter noise and improve entry/exit timing
How to Use:
Look for confluence between trend direction, momentum, and price reaction
Use signals as confirmation, not as a standalone entry trigger
Combine with volume, market structure, or higher‑timeframe analysis
Adjust sensitivity based on your trading style
This indicator is designed to help traders identify market structure, trend direction, volatility conditions, and potential reversal zones. It combines price‑action logic with dynamic calculations to highlight key areas of interest and improve decision‑making across different timeframes.
The tool automatically analyzes recent price behavior and visualizes important signals such as trend shifts, momentum changes, breakout conditions, and support/resistance reactions. It can be used for scalping, intraday trading, swing trading, or long‑term analysis.
Key Features:
Detects trend direction and potential trend reversals
Highlights important support and resistance zones
Identifies momentum strength and volatility changes
Works on all markets (Forex, Crypto, Stocks, Indices, Commodities)
Fully customizable parameters for fine‑tuning
Suitable for beginners and advanced traders
Helps filter noise and improve entry/exit timing
How to Use:
Look for confluence between trend direction, momentum, and price reaction
Use signals as confirmation, not as a standalone entry trigger
Combine with volume, market structure, or higher‑timeframe analysis
Adjust sensitivity based on your trading style
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.