Momentum Day Trading Toolkit

Momentum Day Trading Toolkit
Complete User Guide

Table of Contents

Overview
Quick Start
The Dashboard
Module 1: 5 Pillars Screener
Module 2: Gap & Go
Module 3: Bull Flag / Flat Top
Module 4: Float Rotation
Module 5: R2G / G2R
Module 6: Micro Pullback
Signal Reference
Quality Score
Settings Guide
Alerts Setup
Trading Workflows
Troubleshooting


Overview
The Momentum Day Trading Toolkit combines 6 powerful indicators into one unified system for day trading momentum stocks.
ModulePurpose① 5 PillarsConfirms stock is "in play"② Gap & GoPre-market levels & gap analysis③ Bull Flag / Flat TopClassic breakout patterns④ Float RotationMeasures true interest level⑤ R2G / G2RTracks prior close crosses⑥ Micro PullbackPrecision continuation entries
All modules work together - the dashboard shows you everything at a glance, and you can enable/disable any module you don't need.

Quick Start
Step 1: Add to Chart

Add the indicator to any stock chart
Recommended timeframes: 1-minute, 5-minute, or 15-minute

Step 2: Check the Dashboard (Top Right)
Look for:

Status = Current state (Scanning, Entry Signal, etc.)
Quality Score = Setup rating out of 10
Green checkmarks (✓) = Criteria passing

Step 3: Watch for Entry Signals

Triangles, circles, diamonds below bars = Entry signals
Arrows = R2G/G2R crosses

Step 4: Set Alerts

Right-click chart → Add Alert
Select "Momentum Day Trading Toolkit"
Choose your alert condition


The Dashboard
The dashboard in the top-right corner gives you instant analysis:
┌─────────────────────────────┐
│ MOMENTUM TOOLKIT │
├─────────────────────────────┤
│ Status │ 🎯 ENTRY SIGNAL │
│ Day │ 🟢 GREEN │
│ Gap │ +8.5% 🔥 │
│ RVol │ 3.2x ✓ │
│ Rotation │ 1.45x 🔥 │
│ Float │ 5.2M 🔥 │
│ Change │ +12.3% ✓ │
│ Pattern │ BULL FLAG! │
│ EMA 9/20 │ Above Both ✓ │
│ VWAP │ Above ✓ │
│ Prior Cl │ 5.91 │
│ PM High │ 9.11 ✓ │
│ Price │ 9.46 ✓ │
└─────────────────────────────┘
Dashboard Row Reference
RowWhat It ShowsGood ValuesStatusCurrent state🎯 ENTRY SIGNALDayGreen/Red vs prior close🟢 GREENGapGap % from prior close🔥 (5%+) or 🔥🔥 (10%+)RVolRelative volume✓ (2x+) or ✓✓ (5x+)RotationFloat rotation🔥 (1x) or 🔥🔥 (2x+)FloatFloat in millions🔥 (<5M) or Low (<10M)ChangeDaily % change✓ (meets minimum)PatternPattern statusBREAKOUT!EMA 9/20Trend positionAbove Both ✓VWAPVWAP positionAbove ✓Prior CloseKey R2G levelReference pricePM HighPre-market high✓ = Above itPriceCurrent price✓ = In range
Status Messages
StatusMeaningActionScanning...Looking for setupsWait✅ ALL PILLARSStock qualifiesWatch for pattern⏳ PATTERN FORMINGSetup developingGet ready🎯 ENTRY SIGNALSignal triggeredExecute trade

Module 1: 5 Pillars Screener
What It Does
Confirms the stock meets basic criteria to be worth trading.
The 5 Pillars
PillarDefaultWhy It MattersRelative Volume2x+ (5x for "strong")Confirms unusual interestDaily Change5%+Stock is movingPrice Range$1-$20Sweet spot for momentumFloat Size<20M sharesLower float = bigger moves
Visual Indicator

Green background appears when ALL pillars pass

Dashboard Shows

Individual pillar status with ✓ checkmarks
Quality score includes pillar factors

Settings
SettingDefaultDescriptionMin RVol2.0xMinimum relative volumeStrong RVol5.0xVolume for full qualificationMin Change5%Minimum daily moveMin Price$1Minimum stock priceMax Price$20Maximum stock priceMax Float20MMaximum float size

Module 2: Gap & Go
What It Does
Analyzes pre-market gaps and displays key price levels.
Key Levels Displayed
LevelColorDescriptionPrior CloseOrangeYesterday's close - THE key levelPM HighGreenPre-market high - breakout levelPM LowRedPre-market low - support
Gap Classification
Gap SizeRatingMeaning5-9.9%🔥 QualifyingWorth watching10%+🔥🔥 StrongHigh priority
Entry Signal

Small green triangle = PM High Breakout

How to Trade

Stock gaps up in pre-market
Wait for market open
Look for break above PM High
Enter on breakout with stop below PM Low

Settings
SettingDefaultDescriptionMin Gap %5%Qualifying gap thresholdStrong Gap %10%Strong gap thresholdShow PM LevelsONDisplay PM high/low lines

Module 3: Bull Flag / Flat Top
What It Does
Detects classic continuation patterns and signals breakouts.
Bull Flag Pattern
▲ BREAKOUT (Entry Signal)
│
┌────┴────┐
│ Pullback │ ← 2-5 red candles
│ (flag) │ Max 50% retrace
└─────────┘
│
┌────┴────┐
│ Pole │ ← 3+ green candles
│ (move) │ Strong momentum
└─────────┘
Flat Top Pattern
═══════════════ Resistance (2+ touches)
│
▲ BREAKOUT above resistance
Entry Signals
SignalShapeColorPatternBull Flag Breakout▲ TriangleLimeFlag breaks upFlat Top Breakout◆ DiamondAquaResistance breaks
How to Trade Bull Flag

See 3+ green candles (the pole)
Price pulls back 2-5 red candles
Pullback stays above 50% of move
Enter on break above pullback high
Stop below pullback low

Settings
SettingDefaultDescriptionMin Pole Candles3Green candles neededMax Pullback5Max red candles allowedMax Retrace50%Max pullback depthFT Touches2Resistance touches neededFT Lookback10Bars to check for resistance

Module 4: Float Rotation
What It Does
Tracks how many times the entire float has traded hands today.
The Formula
Rotation = Cumulative Day Volume ÷ Float
Rotation Levels
RotationEmojiMeaning0.5x—Half float traded1.0x🔥FULL rotation - significant!2.0x🔥🔥Double rotation - extreme3.0x+🔥🔥🔥Triple rotation - rare event
Why It Matters

High rotation = Extreme interest
Everyone who owns shares has likely traded
Often precedes explosive moves
Shows "real" demand beyond just volume

Dashboard Shows

Current rotation level
Fire emojis for milestones

Settings
SettingDefaultDescriptionFloat SourceAutoAuto-detect or manualManual Float10MIf auto fails, use thisAlert Level1.0xAlert when rotation hits this

Module 5: R2G / G2R
What It Does
Tracks when price crosses the prior day's close - a key psychological level.
Red to Green (R2G) 🟢
Prior Close ─────────────────
↗ CROSS TO GREEN
↗
(opened red)

Stock opened below prior close (red)
Crosses above prior close (green)
BULLISH signal

Green to Red (G2R) 🔴
(opened green)
↘
↘ CROSS TO RED
Prior Close ─────────────────

Stock opened above prior close (green)
Crosses below prior close (red)
BEARISH signal

Entry Signals
SignalShapeColorMeaningR2G↑ ArrowLimeCrossed to greenG2R↓ ArrowRedCrossed to red
Why R2G Matters

Bears who shorted get squeezed
Creates FOMO buying
Prior close becomes support
Momentum often continues

Dashboard Shows

Current day status (🟢 GREEN / 🔴 RED)
Whether R2G or G2R occurred (R2G ✓ or G2R ✓)

Settings
SettingDefaultDescriptionRequire Opposite OpenONR2G needs red openShow Prior CloseONDisplay the line

Module 6: Micro Pullback
What It Does
Finds precision entries on brief 1-3 candle pullbacks after strong moves.
The Pattern
▲ ENTRY (break pullback high)
│
┌──┴───┐
│ 1-3 │ ← Micro pullback (brief!)
│ red │ Stop = low of this
└──────┘
│
┌──┴───┐
│ 3+ │ ← Strong move
│green │ Momentum building
└──────┘
Why Micro Pullbacks Work

Tight stop = Pullback low is close
Momentum intact = Only paused briefly
Early entry = Catch continuation early
Clear trigger = Break of pullback high

Entry Signal
SignalShapeColorMicro Pullback Entry● CircleYellow
How to Trade

See 3+ green candles (strong move)
1-3 red candles (brief pause)
Pullback stays above 50% retrace
Enter when green candle breaks pullback high
Stop at pullback low

Settings
SettingDefaultDescriptionMin Green Candles3Candles before pullbackMax Pullback3Max red candlesMax Retrace50%Max pullback depth

Signal Reference
All Entry Signals (Below Bar)
ShapeColorSignalModule▲ Large TriangleLimeBull Flag BreakoutPatterns◆ DiamondAquaFlat Top BreakoutPatterns● CircleYellowMicro Pullback EntryMicro PB▲ Small TriangleGreenPM High BreakoutGap & Go↑ ArrowLimeRed to GreenR2G/G2R
Warning Signals (Above Bar)
ShapeColorSignalModule↓ ArrowRedGreen to RedR2G/G2R
Optional Forming Signals (Disabled by Default)
ShapeColorSignal🚩 FlagFaded LimeBull Flag Forming● CircleFaded YellowMicro PB Forming
Enable "Show 'Forming' Markers" in settings to see these

Quality Score
The quality score (0-10) rates the overall setup strength.
Scoring Breakdown
FactorPointsRVol 5x++2RVol 2x++1Daily change 5%++1Low float (<20M)+1Strong gap (10%+)+2Qualifying gap (5%+)+1Rotation 1x++2Rotation 0.5x++1Above EMA 20+1
Score Interpretation
ScoreGradeAction8-10A+Best setups - full position6-7AGood setups - standard size4-5BAverage - reduced size0-3CWeak - skip or paper trade

Settings Guide
Module Toggles
Turn each module ON/OFF:
SettingDefaultDescription① 5 Pillars ScreenerONStock qualification② Gap & Go AnalysisONGap & level analysis③ Bull Flag / Flat TopONPattern detection④ Float RotationONRotation tracking⑤ R2G / G2R TrackerONPrior close crosses⑥ Micro PullbackONPullback entries
Visual Settings
SettingDefaultDescriptionShow DashboardONDisplay info tableTable SizeNormalSmall/Normal/LargeShow Entry SignalsONDisplay entry shapesShow 'Forming' MarkersOFFShow pattern formingShow Key LevelsONPrior close, PM levelsShow EMA 9/20ONTrend EMAsShow VWAPONVWAP line
Recommended Presets
Minimal (Clean Chart)

Show Dashboard: ON
Show Entry Signals: ON
Show 'Forming' Markers: OFF
Show Key Levels: OFF
Show EMA: OFF
Show VWAP: OFF

Standard (Balanced)

All defaults

Full Analysis

All settings ON


Alerts Setup
Available Alerts
AlertTriggerAny Bullish EntryAny entry signal firesBull Flag BreakoutBull flag breaks outFlat Top BreakoutFlat top breaks outMicro Pullback EntryMicro PB triggersPM High BreakoutBreaks above PM highRed to GreenR2G crossGreen to RedG2R crossFloat RotationHits rotation level5 Pillars PassAll pillars qualifyPattern FormingPattern starts formingHigh Quality EntryEntry with score 7+/10
How to Set Alerts

Right-click on chart
Select "Add Alert"
Condition: "Momentum Day Trading Toolkit"
Select alert type from dropdown
Set expiration and notifications
Click "Create"

Recommended Alerts
For Active Trading:

Any Bullish Entry
High Quality Entry

For Watchlist Monitoring:

5 Pillars Pass
Float Rotation


Trading Workflows
Workflow 1: Full Qualification
Step 1: 5 PILLARS
└─→ Wait for "✅ ALL PILLARS" status

Step 2: CHECK SETUP
└─→ Quality score 6+?
└─→ Above EMA and VWAP?

Step 3: WAIT FOR ENTRY
└─→ Bull Flag, Flat Top, or Micro PB signal

Step 4: EXECUTE
└─→ Enter on signal
└─→ Stop below pattern low
└─→ Target 2:1 minimum
Workflow 2: Gap & Go
Step 1: PRE-MARKET
└─→ Stock gaps 5%+ (shows in Gap row)

Step 2: MARKET OPEN
└─→ Note PM High level (green line)

Step 3: WAIT FOR BREAK
└─→ PM High Breakout signal (small triangle)

Step 4: CONFIRM
└─→ R2G if opened red (double confirmation)
└─→ RVol 2x+

Step 5: EXECUTE
└─→ Enter on PM High break
└─→ Stop below PM Low
Workflow 3: Micro Pullback Scalp
Step 1: FIND MOMENTUM
└─→ Stock moving, 3+ green candles

Step 2: WAIT FOR PAUSE
└─→ 1-3 red candles (brief pullback)

Step 3: ENTRY
└─→ Yellow circle signal appears

Step 4: QUICK TRADE
└─→ Enter at signal
└─→ Tight stop at pullback low
└─→ Quick target (1:1 to 2:1)

Troubleshooting
Q: Lines are moving/jumping on real-time chart?
A: This was fixed in latest version. Make sure you have the newest code. Lines now lock in place at market open.
Q: Too many signals, chart is cluttered?
A:

Turn off "Show 'Forming' Markers"
Disable modules you don't need
Use "Minimal" visual preset

Q: No signals appearing?
A:

Check if "Show Entry Signals" is ON
Make sure relevant module is enabled
Stock may not meet pattern criteria

Q: Dashboard shows wrong float?
A:

TradingView float data isn't available for all stocks
Switch Float Source to "Manual"
Enter correct float in millions

Q: PM High/Low not showing?
A:

Only appears during market hours
Needs pre-market data to calculate
Check if "Show Key Levels" is ON

Q: Quality score seems wrong?
A:

Score updates in real-time
Check individual factors in dashboard
RVol and rotation change throughout day

Q: Alert not triggering?
A:

Make sure alert is set on correct symbol
Check alert hasn't expired
Verify condition is set correctly


Quick Reference Card
Entry Signals
▲ Lime Triangle = Bull Flag Breakout
◆ Aqua Diamond = Flat Top Breakout
● Yellow Circle = Micro Pullback
▲ Green Triangle = PM High Break
↑ Lime Arrow = R2G (bullish)
↓ Red Arrow = G2R (bearish)
Dashboard Quick Read
🎯 = Entry signal active
✅ = All pillars pass
🟢 = Day is green
🔥 = Strong (gap/rotation)
✓ = Criteria met
✗ = Criteria failed
Quality Score
8-10 = A+ (Best)
6-7 = A (Good)
4-5 = B (Average)
0-3 = C (Weak)
Key Levels
Orange Line = Prior Close (R2G level)
Green Line = PM High (breakout level)
Red Line = PM Low (support)
Purple Line = VWAP
Yellow/Orange = EMA 9/20

Happy Trading! 🎯📈
For questions or issues, use TradingView's comment section on the indicator page.