OPEN-SOURCE SCRIPT
Momentum Shift [B de Rijk]
This script has been enhanced with real-time alert functionality to notify users instantly when momentum shift signals occur. Specifically, alerts are now triggered at the exact moment the up (▲) and down (▼) arrows are plotted on the chart, rather than waiting for the candle to close.
The implementation uses TradingView’s `alert()` function, which is directly integrated into the existing signal conditions (`rising` and `falling`). This ensures that alerts are perfectly aligned with the visual signals already present in the indicator. By using `alert.freq_once_per_bar`, the script avoids duplicate alerts within the same candle while still maintaining immediate responsiveness.
These improvements allow traders to react more quickly to potential market shifts, making the indicator more effective for real-time decision-making and lower time frame trading.
The implementation uses TradingView’s `alert()` function, which is directly integrated into the existing signal conditions (`rising` and `falling`). This ensures that alerts are perfectly aligned with the visual signals already present in the indicator. By using `alert.freq_once_per_bar`, the script avoids duplicate alerts within the same candle while still maintaining immediate responsiveness.
These improvements allow traders to react more quickly to potential market shifts, making the indicator more effective for real-time decision-making and lower time frame trading.
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.