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
Momentum Shift Positions
Plots long and short signals on the price chart from a smoothed Hull moving average of price change, firing when momentum crosses its value two bars earlier.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code238
Settings25inputs
LicenceNone stated
Last update2 weeks ago12 Oct 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
Each signal projects five target levels spaced by an average candle range, and a simulated position uses the signal candle extreme plus an ATR buffer as stop, a chosen target as take profit, an optional break-even move and an optional exit on the opposite signal. An info panel and two SMA 200 lines are included. No orders are placed.
- Momentum cross signals with strong-only mode
- Five projected target levels
- ATR buffered stop and break-even move
- SMA 200 on chart and 1-hour timeframes
Details
Published by
kasutu on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 50 | length |
| Smooth | int | 50 | smooth |
| Shift Zone Size | float | 1 | mult_dist |
| Entry Signals | string | All | sigMode |
| Long | color | #3ad79b | col_u |
| Short | color | #fb6b2e | col_d |
| Show Projected Targets | bool | true | showTargets |
| Strategy Active (manual toggle) | bool | true | active |
| TP Target | int | 2 | tpZone |
| SL ATR Length | int | 14 | atrLen |
| SL Buffer (x ATR) | float | 0.5 | atrMult |
| Move SL to BE at RR (0 = off) | float | 1.0 | beRR |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Exit on Opposite Signal | bool | true | closeOpp |
| Lot Size | float | 0.10 | lots |
| Max Trades Per Day (0 = no limit) | int | 0 | maxPerDay |
| Lookback (weeks) | int | 8 | lookbackWeeks |
| Show Info Panel | bool | true | showTable |
| SMA Length | int | 200 | maLen |
| SMA Source | source | close | maSrc |
| Smoothing Type | string | SMA | smoothType |
| Smoothing Length | int | 14 | smoothLen |
| Show SMA (chart TF) | bool | true | showMaChart |
| Show SMA (1H TF) | bool | true | showMa1H |
| Chart TF Color | color | color.yellow | colMaChart |
| 1H TF Color | color | color.aqua | colMa1H |
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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