SCOTTGO - MOMO RVOL Trend Painter V2 (Elite Pro)

SCOTTGO - MOMO RVOL Trend Painter V2 (Elite Pro)
This professional-grade trend-following indicator identifies high-probability "Elite" entry points by combining Relative Volume (RVOL) with strict trend alignment and momentum filters. It is designed to filter out market noise and highlight only the most significant institutional moves.

Core Features
Elite Signal Logic: Triggers only when high RVOL (default >2.0x) aligns with a confirmed trend (Price vs. VWAP & 9EMA) and positive momentum (RSI & MACD).

Dynamic Bar Coloring: Instantly paints bars Green (Bullish) or Red (Bearish) when all "Elite" criteria are met.

Smart Labeling: Labels are corner-anchored to the left of the signal bar. This prevents visual clutter and ensures labels never obstruct new price action.

Detailed Tooltips: Hover over any "Elite" flag to see a comprehensive breakdown of the specific metrics (RVOL value, Trend status, RSI, and MACD) that triggered the signal.

Key Components
RVOL Threshold: Adjustable sensitivity to volume spikes.

Trend Filter: Optional requirement for price to stay above/below VWAP and the 9EMA.

Momentum Filters: Integrated RSI and MACD confirmation to avoid "exhaustion" trades.

Visual Customization: Full control over label spacing, colors, and opacity.

How to use: Look for the ⭐ ELITE flags as confirmation for trend continuation or high-volume breakouts. Use the triangles for precise candle entry points.

Disclaimer: Technical analysis tools are for informational purposes only. Trading involves significant financial risk.

Release Note

SCOTTGO - MOMO RVOL Trend Painter V2 (Elite Pro)

This indicator is a high-performance Momentum and Relative Volume (RVOL) trend-painting tool designed to identify "Elite" breakout and breakdown signals. It combines volume surge detection with multi-layer trend and momentum confirmation to highlight high-probability entries.

Core Features
RVOL Detection: Identifies volume spikes relative to a chosen moving average (SMA/EMA).

Trend Alignment: Filters signals based on price action relative to VWAP and the 9 EMA.

Modular Momentum Filters: Fully customizable logic toggles for:

RSI: Level thresholds and directional rising/falling requirements.

MACD: Signal line crosses and 0-line bias.

Volume Pressure: Intrabar buying vs. selling dominance.

Clean Visuals: Neon-coded bar coloring (#00ff00 for Bull / #ff0000 for Bear) and non-overlapping "Elite" labels with detailed performance tooltips.

Smart Alerts: Built-in alert conditions for both Bullish and Bearish "Elite" signals.

How to Use
Elite Bull: Triggers when price is trending above VWAP/9EMA with a high RVOL surge and bullish momentum.

Elite Bear: Triggers when price is trending below VWAP/9EMA with a high RVOL surge and bearish momentum.

Customization: Use the settings menu to toggle filters on or off depending on the symbol's volatility and your preferred sensitivity.

Release Note

SCOTTGO - MOMO RVOL Trend Painter V2 (Elite Pro)
This indicator is a high-performance Momentum and Relative Volume (RVOL) trend-painting tool designed to identify "Elite" breakout and breakdown signals. It combines volume surge detection with multi-layer trend and momentum confirmation to highlight high-probability entries.

Core Features
RVOL Detection: Identifies volume spikes relative to a chosen moving average (SMA/EMA).

Trend Alignment: Filters signals based on price action relative to VWAP and the 9 EMA.

Modular Momentum Filters: Fully customizable logic toggles for:

RSI: Level thresholds and directional rising/falling requirements.

MACD: Signal line crosses and 0-line bias.

Volume Pressure: Intrabar buying vs. selling dominance.

Clean Visuals: Neon-coded bar coloring (#00ff00 for Bull / #ff0000 for Bear) and non-overlapping "Elite" labels with detailed performance tooltips.

Smart Alerts: Built-in alert conditions for both Bullish and Bearish "Elite" signals.

How to Use
Elite Bull: Triggers when price is trending above VWAP/9EMA with a high RVOL surge and bullish momentum.

Elite Bear: Triggers when price is trending below VWAP/9EMA with a high RVOL surge and bearish momentum.

Customization: Use the settings menu to toggle filters on or off depending on the symbol's volatility and your preferred sensitivity.

Release Note

Added: Alerts and table with positioning and scoring 1-6 dependent on fitting criteria. Bull or Bear Bias!

SCOTTGO - MOMO RVOL Trend Painter V2 (Elite Pro)
Overview
The MOMO RVOL Trend Painter V2 is an advanced momentum and volume-weighted trend indicator designed for high-probability "Elite" trade setups. It combines Relative Volume (RVOL) analysis with multi-layer momentum filtering to identify institutional-grade breakouts and trend continuations.

Key Features
Adaptive Live Dashboard: A real-time table tracking 6 core confluence factors:

Price vs. VWAP & 9EMA Alignment.

RVOL Rising Momentum.

RSI Thresholds (Bullish > 50 / Bearish < 50).

MACD Crossover Status (Open/Closed) and Zero-Line Bias.

Elite Signal Logic: Signals only trigger when high volume (RVOL) meets strict momentum gating, ensuring you are trading with the "Smart Money" move.

Dynamic Bias Switching: The dashboard automatically flips its logic. In a Short Bias, it tracks "Below VWAP" and "MACD Closed," providing a perfect 6/6 confluence score for bearish entries.

Visual Clarity: Includes "Elite Star" labels with detailed tooltips, triangle signal shapes, and bar-coloring for immediate trend recognition.

Confluence Scoring (6/6)
The indicator calculates a live "Confluence Score." A 6/6 Score represents a perfect alignment of Volume, Trend, and Momentum. The script includes a built-in alert for this 6/6 state to notify you of peak trade conditions.

How to Use
Wait for the Stars: Look for the ⭐ ELITE signals which signify high-volume breakouts.

Monitor the Dashboard: Use the live score to validate the strength of the move. A score of 5/6 or 6/6 indicates high-conviction momentum.

Set Alerts: Use the "Score 6/6 Confluence" alert to be notified the moment all technical criteria align on the current candle.

Release Note

UPDATED SCOTTGO - MOMO RVOL Elite + Supertrend V2 (Elite Pro)

This high-confluence trend-following indicator combines Relative Volume (RVOL), Supertrend logic, and Momentum filters to identify "Elite" entries. It is designed for traders who want to filter out market noise and focus on high-probability setups where volume and price action align perfectly.

Key Features
Elite Signal Engine: Fires Bullish and Bearish "Elite" labels when high RVOL coincides with VWAP/EMA alignment and MACD/RSI momentum.

Dual-Layer Trend Logic: Utilizes a customizable Supertrend (ATR-based) alongside a 9-period EMA and VWAP for a triple-check on trend direction.

Live Score Dashboard: A real-time visual table tracks 6 critical technical factors:

VWAP & EMA Position

RVOL Trajectory

RSI Thresholds

MACD Crossovers & Zero-Line Bias

Smart Tooltips: Hover over any signal label to see a detailed breakdown of the technical data (RVOL multiplier, RSI level, etc.) at the exact moment the signal was generated.

How to Use
Trend Confirmation: Use the Supertrend Line to determine the primary bias. Green indicates bullish territory; Red indicates bearish territory.

The "Elite" Entry: Look for the ⭐ ELITE labels. These signify that volume is significantly higher than average and momentum is pushing in the direction of the trend.

The Dashboard Check: Before entering, glance at the SCORE. A 6/6 score represents maximum technical confluence across all built-in filters.

Customization: Use the Global Theme settings to instantly change the color palette across all labels and the dashboard to match your chart style.

Best For
Scalping & Day Trading: Capturing momentum bursts on lower timeframes (1m, 5m, 15m).

Trend Following: Riding major moves while using the Supertrend as a trailing stop-loss guide.

Note: For best results, ensure Require VWAP & 9EMA Alignment is enabled to prevent trading against the immediate trend.

Release Note

* I have adjusted some settings for colors

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SCOTTGO

Market Participant - Momentum Day Trader

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SCOTTGO

Market Participant - Momentum Day Trader

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