Momentum Index

To be Used with MACD HISTOGRAM
what to look for ?
normal divergences as well as cross divergences aka HIDDEN
when both stars align then its extra strong

flip the K&D settings for more dramatic results .

message me for access.

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Better cleaner look , enjoy 😎

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Complete new overhaul
added histogram
slightly different variables

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Cleaner look :P

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added bull and bear div
on histogram + for bull div
x for bear

for MI its cyan for BULL
and Magenta for BEAR

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fixed the bull div for histogram

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OVERHAUL

deleted a lot of the unneeded lines/signals

All that is left is the SLOW MI line from the OG script along w the med line

how to use this is simple if you are a wave trader

Looking for bearish structures / counts when the "Wave Momentum" line is negative < 50
Looking for bullish structures / counts when the "Wave Momentum" line is positive > 50

in your particular degree.

The thing i cant help you with is determining the correct Time Frame per degree.


HOWEVER if you have a deeper understanding to the Wave Analysis this can provide reassurance to an idea or help invalidate an idea.


The script is based on values i use to calculate momentum and isnt the standard MACD as some may think.

Get more inside #TheFamily of Elevate-Trading

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New overhaul :)

Multi time frame capabilities

standard is 15 and 30

NOW you can trade Higher TF momentum without having to have 2-3 different charts. Now if youre trading the 5m you can see the m30 and even the D1 momentum on the chart :)

Settings for time are in integers from 1-D
additional time settings are as followed
3D
W
M

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TRULY see and TRADE the HTF momentum

Now the color of the momentum line can be set to REAL time momentum or SET time momentum

real time means its the current chart being studied momentum
set time means its the time YOU set in the variables.

very simple yet effective way to trade HTF momentum while staying on the LTF charts

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OVERHAUL

ADDED
-Histogram

REMOVED
-EMA 4C
-Secondary adjustable time

CHANGED
-Color of oscillators now are dependent on their own momentum rather than one fixed momentum for all.

Trade the HTF momentum by using the Adjusted momentum at a higher input than the current chart and use the current TF Momentum Index located at the bottom for entry criteria.


Ultimate M-I Strategy
-turn off current TF momentum as well as SLOW 4C

**NO SHORTS ALLOWED WHEN BARS ARE BLUE USING HTF MOMENTUM**
when the bars are BLUE you ONLY long when the MI at the bottom goes blue as well
EXIT/TP when MI at the bottom turns RED

**NO LONGS ALLOWED WHEN BARS ARE RED USING HTF MOMENTUM**
when bars are RED you ONLY short when MI at the bottom goes red as well
EXIT/TP when MI at the bottom goes BLUE

Get access by sending me a DM here or on Twitter