Momentum Continuation

Momentum Continuation - By racy_1
The Momentum Continuation indicator helps traders identify high-probability continuation points in established trends — where momentum is likely to resume after a controlled pullback or brief pause.

Concept
At its core, the indicator tracks the relationship between two EMAs (fast and slow) to define the local trend direction, then checks whether multiple higher-timeframe trends support that trend.
When alignment occurs across all selected timeframes, and price confirms a continuation move, the script highlights the corresponding bar — signalling potential momentum re-entry opportunities.

Key Features

• Dual EMA Band: Visual representation of short- and medium-term trend structure, with optional shading for clarity.
  
• Multi-Timeframe Alignment: Up to 3 configurable higher timeframes ensure trend agreement before signalling continuation.
  
• Continuation Triggers: Highlights candles where momentum resumes after a pullback or reclaim, confirming that trend structure remains intact.
  
• Optional Distance Filter: Adds a configurable minimum distance (by % or ATR multiples) from the fast EMA to improve signal quality.
  
• Pierce-and-Reclaim Logic: Optionally allows signals where price briefly violated the EMA band but reclaimed direction without breaking alignment.
  
• No-Repaint Option: Choose between *Closed-Bar HTF Mode* (safer, slightly delayed) and *Live HTF Mode* (faster, may flicker).
  
• Built-in Alerts: Receive notifications for both continuation triggers and trend-state changes (e.g., Trending Up / Trending Down).
  

How to Use

1. Select your fast and slow EMA lengths (default 8 / 24).
   
2. Configure HTF1–3 to define which higher timeframes must align (or leave any blank to ignore).
   
3. Enable “Continuation Logic” to activate triggers, bar highlights, and alerts.
   
4. Optionally enable Pierce-and-Reclaim or apply a distance filter for stricter setups.
   
5. Look for highlighted bars (and alerts) confirming momentum continuation in the prevailing trend direction.
   

Tips

• Works on any asset and timeframe, but performs best on clean, trending instruments.
  
• Combine with market structure or liquidity analysis to time entries more precisely.
  
• The HTF Closed-Bar option is recommended for backtesting and signal reliability.
  

Disclaimer
This script is for educational and informational purposes only.
It does not constitute financial advice. Always manage risk appropriately before making any trading decision.