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 v6 · On the chart
Effort vs Result Context Overlay
This price-chart overlay compares market effort with price result and does not generate buy or sell signals.
GitHub stars7on the repository
Pine versionv6current
Lines of code153
Settings9inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Effort combines current volume divided by a moving average of volume with true range divided by ATR. Result uses absolute net progress over a lookback plus follow-through stall bars. The script highlights efficiency failure when high effort meets a weak result, with optional dots, background shading, and a status label. Input lengths and thresholds change how strict those conditions are. Comments describe it for intraday analysis.
- Relative volume and ATR effort score
- Net progress lookback
- Follow-through stall bars
- Efficiency failure dots
- Optional background and status label
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume, Volatility & bands
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| Volume Median Length | int | 20 | volLen |
| ATR Length | int | 14 | atrLen |
| Net Progress Lookback | int | 10 | progressLen |
| Follow-Through Stall Bars | int | 3 | stallBars |
| High Effort Threshold | float | 1.5 | effortHighThresh |
| Weak Result Threshold | float | 0.35 | weakResultThresh |
| Show Efficiency Failure Dots | bool | true | showFailureDots |
| Show Efficiency Background | bool | true | showBG |
| Show Status Label | bool | true | showLabel |
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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