Multi Momentum 10/21/42/63 — Histogram + 2xSMA

MY MM INDICATOR INDIRED BY KARADI
It averages four rate-of-change snapshots of price, all anchored at today’s close.

If “Show as %” is on, the value is multiplied by 100.

Each term is a simple momentum/ROC over a different lookback.

Combining 10, 21, 42, 63 bars blends short, medium, and intermediate horizons into one number.

Positive MM → average upward pressure across those horizons; negative MM → average downward pressure.

Why those lengths?

They roughly stack into ~2× progression (10→21≈2×10, 21→42=2×21, 63≈1.5×42). That creates a “multi-scale” momentum that’s less noisy than a single fast ROC but more responsive than a long ROC alone.

How to read the panel

Gray histogram = raw Multi-Momentum value each bar.

SMA Fast/Slow lines (defaults 12 & 26 over the MM values) = smoothing of the histogram to show the trend of momentum itself.

Typical signals

Zero-line context:

Above 0 → bullish momentum regime on average.

Below 0 → bearish regime.

Crosses of SMA Fast & Slow: momentum trend shifts (fast above slow = improving momentum; fast below slow = deteriorating).

Histogram vs SMA lines: widening distance suggests strengthening momentum; narrowing suggests momentum is fading.

Divergences: price makes a new high/low but MM doesn’t → potential exhaustion.

Compared to a classic ROC

A single ROC(20) is very sensitive to that one window.

MM averages several windows, smoothing idiosyncrasies (e.g., a one-off spike 21 bars ago) and reducing “lookback luck.”

Settings & customization

Lookbacks (10/21/42/63): you can tweak for your asset/timeframe; the idea is to mix short→medium horizons.

Percent vs raw ratio: percent is easier to compare across symbols.

SMA lengths: shorter = more reactive but choppier; longer = smoother but slower.

Practical tips

Use regime + signal: trade longs primarily when MM>0 and fast SMA>slow SMA; consider shorts when MM<0 and fast<slow.

Combine with trend filters (e.g., price above a 200-SMA) or risk filters (ATR, volatility regimes) to avoid whipsaws.

For intraday, the same logic applies; just remember lookbacks are in bars, not minutes.

Limitations

It’s a trend/momentum tool—expect lag around reversals.

In range-bound markets it can produce false starts.

Past performance windows can be path-dependent (big gap bars inside a lookback affect the ratio).