Updated
MES Momentum Detector 2x Vol and Range (Customizable) K8E
MES Momentum Detector 2x Vol and Range (Customizable) K8E
This script has a customizable indicator that will confirm any candle that is more than 2x the average volume or 2x the average point range for that specific time frame you are in. You can label them as you wish but they are bear and bull by default. The Bull will close within the top 20% of the range and the bear will close 20% from the bottom of the range.
On whatever timeframe you’re on (1m, 2m, 5m, 10m, etc.), it will only show a signal when:
The bull indicator:
current candle range > 2x average range for that same timeframe
current candle volume > 2x average volume for that same timeframe
candle closes in the top 20% of its range
The bear indicator:
current candle range > 2x average range
current candle volume > 2x average volume
candle closes in the bottom 20% of its range
Optional extras included
(Regular Trading Hours) only filter only shows signals during 9:30 AM – 4:00 PM New York time
table showing current values
separate bullish and bearish arrows
adjustable close-to-extreme % if you want stricter/looser momentum bars
This script has a customizable indicator that will confirm any candle that is more than 2x the average volume or 2x the average point range for that specific time frame you are in. You can label them as you wish but they are bear and bull by default. The Bull will close within the top 20% of the range and the bear will close 20% from the bottom of the range.
On whatever timeframe you’re on (1m, 2m, 5m, 10m, etc.), it will only show a signal when:
The bull indicator:
current candle range > 2x average range for that same timeframe
current candle volume > 2x average volume for that same timeframe
candle closes in the top 20% of its range
The bear indicator:
current candle range > 2x average range
current candle volume > 2x average volume
candle closes in the bottom 20% of its range
Optional extras included
(Regular Trading Hours) only filter only shows signals during 9:30 AM – 4:00 PM New York time
table showing current values
separate bullish and bearish arrows
adjustable close-to-extreme % if you want stricter/looser momentum bars
Release Notes
Sticky LabelsRelease Notes
Default font changeRelease Notes
Added session filtersRelease Notes
Updated title2x Volume & Range Momentum Candles — 20% Close K8E
Release Notes
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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.
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.