OPEN-SOURCE SCRIPT
Volume Momentum Div - [TCMaster]
📘 Description
Volume + Momentum (Instant Alert) is a dynamic indicator designed to detect potential market tops and bottoms in real time by combining momentum shifts with volume spikes.
Unlike traditional oscillators that confirm signals only after candle close, this tool reacts instantly, providing early alerts during live market movements.
⚙️ How It Works
Momentum Calculation:
Measures the short-term price acceleration using the difference between the current price and the price n periods ago.
Rising momentum indicates bullish strength, while falling momentum shows bearish pressure.
Volume Spike Detection:
Compares current volume to its moving average.
When the current volume exceeds the average by a defined multiplier, it signals strong market participation — often appearing near market reversals.
Signal Logic:
Top Alert (🔻): Momentum turns negative while a volume spike occurs → potential short opportunity.
Bottom Alert (🔺): Momentum turns positive while a volume spike occurs → potential long opportunity.
🎯 Features
Real-time alerts (calc_on_every_tick=true) — signals trigger instantly during live candles.
Multiple plot styles available: Line, Histogram, or Columns.
Simple yet powerful logic suitable for scalping, intraday, and swing trading.
Works across all markets (forex, crypto, stocks, commodities).
💡 How to Use
Look for Volume Spikes — sudden increases in volume often mark exhaustion or breakout points.
Check Momentum Direction — combine with volume to confirm reversals.
Entry/Exit:
Buy when a green triangle (🔺) appears below the bar.
Sell when a red triangle (🔻) appears above the bar.
Optional Filters: For improved accuracy, combine with RSI, Stochastic, or trend filters (e.g., EMA200).
Volume + Momentum (Instant Alert) is a dynamic indicator designed to detect potential market tops and bottoms in real time by combining momentum shifts with volume spikes.
Unlike traditional oscillators that confirm signals only after candle close, this tool reacts instantly, providing early alerts during live market movements.
⚙️ How It Works
Momentum Calculation:
Measures the short-term price acceleration using the difference between the current price and the price n periods ago.
Rising momentum indicates bullish strength, while falling momentum shows bearish pressure.
Volume Spike Detection:
Compares current volume to its moving average.
When the current volume exceeds the average by a defined multiplier, it signals strong market participation — often appearing near market reversals.
Signal Logic:
Top Alert (🔻): Momentum turns negative while a volume spike occurs → potential short opportunity.
Bottom Alert (🔺): Momentum turns positive while a volume spike occurs → potential long opportunity.
🎯 Features
Real-time alerts (calc_on_every_tick=true) — signals trigger instantly during live candles.
Multiple plot styles available: Line, Histogram, or Columns.
Simple yet powerful logic suitable for scalping, intraday, and swing trading.
Works across all markets (forex, crypto, stocks, commodities).
💡 How to Use
Look for Volume Spikes — sudden increases in volume often mark exhaustion or breakout points.
Check Momentum Direction — combine with volume to confirm reversals.
Entry/Exit:
Buy when a green triangle (🔺) appears below the bar.
Sell when a red triangle (🔻) appears above the bar.
Optional Filters: For improved accuracy, combine with RSI, Stochastic, or trend filters (e.g., EMA200).
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.