Stockbee Momentum Burst

This is a script to color code bars based on the bullish- and bearish combination.

Bullish Combination
Percent: Price >= 4% from yesterday and Volume today > Yesterday
Dollar: Price >= 0.9 dollar from open

Base Requirements
- Price > Yesterday's close
- Price > Open
- Price is within 30% of high
- Todays price range >= Yesterdays price range
- Yesterday's move <= 2%
- Volume >= 100 000

Bearish Combination
Percent: Price <= 4% from yesterday and Volume today > Yesterday
Dollar: Price <= 0.9 dollar from open

Base Requirements
- Price < Yesterday's close
- Price < Open
- Price is within 30% of low
- Todays price range >= Yesterdays price range
- Yesterday's move >= -2%
- Minimum volume for each of last 3 days >= 100 000

Momentum Filter
These are based on the 10 and 20 EMA crossover, where the former above would indicate upward momentum and below downward momentum. This can help to narrow down the color code to continuation phases. The linked option will override all other momentum filters, bullish candles will be displayed when EMA 10 > 20 and bearish candles when EMA 10 < 20.

Notas de prensa:

Added the bullish- and bearish reversal combination.

Indicator is customizable via the indicator settings
- Momentum burst with bullish, bearish, percent and/or dollar requirement (candle color).
- Three type of momentum filters.
- Reversal bullish and/or bearish (arrow above or below bar).
- Checkbox to bypass use price and volume requirement.