OPEN-SOURCE SCRIPT
MTF Momentum Heatmap
A visual momentum heatmap that displays 10 bands of price momentum across different lookback periods, from fast (short-term) to slow (long-term). Inspired by professional momentum heatmap indicators.
How it works:
Each horizontal band represents a different momentum lookback period. The bottom band is the fastest (shortest period), and the top band is the slowest (longest period). Momentum is calculated as the normalized rate of change, smoothed to reduce noise.
Color Scale:
- Red / Orange / Yellow = Bullish momentum (price rising)
- Blue / Cyan / Teal = Bearish momentum (price falling)
- Green = Neutral / transition zone
How to read it:
- All bands same color = strong trend, high conviction
- Color changing from bottom up = new trend building (fast momentum leading)
- Color changing from top down = trend weakening (slow momentum fading)
- Mixed colors = choppy / no clear direction — stay cautious
Features:
- 10 momentum bands with exponentially increasing lookback periods
- Customizable base period, multiplier, and smoothing
- Two overlay moving averages (fast & slow) — crossovers signal momentum shifts
- Info panel showing fast/mid/slow momentum values and overall bias
- Built-in alerts for all-bullish and all-bearish alignment
- Works on any instrument, any timeframe
Settings:
- Base Period: Starting lookback length for the fastest band (default: 5)
- Period Multiplier: How much each band increases (default: 1.5x)
- Smoothing: Reduces noise in the bands (default: 3)
- MA Type: EMA or SMA for smoothing
Alerts:
- All bands bullish
- All bands bearish
How it works:
Each horizontal band represents a different momentum lookback period. The bottom band is the fastest (shortest period), and the top band is the slowest (longest period). Momentum is calculated as the normalized rate of change, smoothed to reduce noise.
Color Scale:
- Red / Orange / Yellow = Bullish momentum (price rising)
- Blue / Cyan / Teal = Bearish momentum (price falling)
- Green = Neutral / transition zone
How to read it:
- All bands same color = strong trend, high conviction
- Color changing from bottom up = new trend building (fast momentum leading)
- Color changing from top down = trend weakening (slow momentum fading)
- Mixed colors = choppy / no clear direction — stay cautious
Features:
- 10 momentum bands with exponentially increasing lookback periods
- Customizable base period, multiplier, and smoothing
- Two overlay moving averages (fast & slow) — crossovers signal momentum shifts
- Info panel showing fast/mid/slow momentum values and overall bias
- Built-in alerts for all-bullish and all-bearish alignment
- Works on any instrument, any timeframe
Settings:
- Base Period: Starting lookback length for the fastest band (default: 5)
- Period Multiplier: How much each band increases (default: 1.5x)
- Smoothing: Reduces noise in the bands (default: 3)
- MA Type: EMA or SMA for smoothing
Alerts:
- All bands bullish
- All bands bearish
開源腳本
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。