by 
The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v4 · On the chart
Buy and Sell
This indicator calculates a smoothed average range filter and combines it with a Relative Strength Index framed by Bollinger Bands.
GitHub stars12on the repository
Pine versionv4older, still runs
Lines of code164
Settings8inputs
LicenceNone stated
Last update3 years ago17 Mar 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Buy and Sell projects range levels, breakout boundaries, and buy or sell signals directly onto the price chart. A custom 20-step color gradient dynamically adjusts visual colors based on the RSI oscillator position within its bands. Settings allow users to customize the sampling period, range multiplier, RSI length, color inversion, and visibility of lines, bands, and signal labels.
- Smoothed average range filter
- RSI Bollinger Band color gradient
- On-chart buy and sell labels
- Toggleable high and low price bands
- Invertible multi-step color mapping
Details
Published by
azamiftikhar1000 on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Oscillators & momentum, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Period | int | 70 | per |
| Range | int | 3 | multiplyer |
| Show Lines | bool | true | myLineToggle |
| Show Lables | bool | true | myLabelToggle |
| Show High and low bands | bool | false | mybandToggle |
| rsiLen for color gradient | int | 20 | rsiLen |
| Invert Colors | bool | false | colFlip |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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