stelaraX - Momentum

stelaraX – Momentum

stelaraX – Momentum is a simple yet effective indicator designed to measure the speed and direction of price movement. It shows whether price is accelerating or decelerating and helps identify shifts in market strength at an early stage.

This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com


Core logic

The Momentum indicator calculates the difference between the current price and the price from a user-defined number of periods ago.

Key characteristics include:

* positive values indicate upward momentum
* negative values indicate downward momentum
* the zero line acts as a directional threshold

When momentum crosses above zero, bullish pressure is increasing. When momentum crosses below zero, bearish pressure is increasing.


Visualization

The script plots a histogram in a separate indicator pane:

* green bars when momentum is positive
* red bars when momentum is negative
* a clearly visible zero baseline for direction reference

The histogram format makes changes in momentum strength immediately visible.


Use case

This indicator is intended for:

* measuring price acceleration and deceleration
* confirming trend strength
* identifying early momentum shifts
* filtering entries in trend-following strategies
* divergence analysis between price and momentum

For traders who want to combine classical momentum tools with modern AI-driven chart analysis, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.