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 v5 · On the chart
Complex Custom Indicator with Debugging
This custom technical indicator calculates multi-factor trading signals by combining price and volume trend strength, volume-weighted momentum, and adaptive volatility bands.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code287
Settings10inputs
LicenceNone stated
Last update7 months ago30 Mar 2026
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
Trend strength evaluates price and volume slopes over a designated lookback window. Momentum is volume-adjusted, EMA-smoothed, and normalized using a hyperbolic tangent function. Adaptive volatility bands adjust dynamic multipliers based on rolling market volatility regimes. Embedded debugging tools allow developers to trace intermediate variables, plot diagnostic series, and check for computation errors. Plots directly on the price chart.
- Price and volume slope trend strength calculation
- Volume-weighted EMA momentum oscillator
- Adaptive volatility bands based on volatility regimes
- Embedded diagnostic tracing and configurable debug output
Details
Published by
monch1962 on GitHub
Type
Indicator, Pine Script v5
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.
Topics
ai-agentclaude-codeelixirgolangllmopencodepinescriptpython3clojure
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Debug Level | int | 2 | debugLevel |
| Debug Output | string | all | debugOutput |
| Trend Period | int | 50 | trendPeriod |
| Trend Threshold | float | 0.5 | trendThreshold |
| Momentum Period | int | 14 | momentumPeriod |
| Momentum Smoothing | int | 3 | momentumSmoothing |
| Volatility Period | int | 20 | volatilityPeriod |
| Volatility Multiplier | float | 2.0 | volatilityMultiplier |
| Signal Threshold | float | 0.7 | signalThreshold |
| Confirmation Bars | int | 2 | confirmationBars |
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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