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
Nexus Prime Engine v7 Confirmed Confluence
An overlay indicator that scores trend, momentum and structure and prints buy and sell signals only on confirmed bars.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code420
Settings40inputs
LicenceNone stated
Last update2 months ago23 Aug 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
Inputs include a zero-lag EMA, slow EMA, HMA, ATR trail, ADX, choppiness and efficiency range detection, RSI, MACD, a breakout lookback and optional volume. Entries pause during abnormal volatility or shock candles, a minimum score is required, and a higher-timeframe permission is optional. Stops and targets are informational levels, not orders.
- Scored confluence of trend and momentum
- ADX, choppiness and efficiency range detection
- Pause on volatility shocks
- Optional higher-timeframe permission
- Informational stop and target levels
Details
Published by
vedkanani123 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 |
|---|---|---|---|
| Price source | source | close | src |
| ZLEMA length | int | 14 | zlemaLen |
| Slow EMA length | int | 55 | slowLen |
| HMA structure length | int | 34 | hmaLen |
| ATR length | int | 14 | atrLen |
| Trail distance (ATR) | float | 2.8 | atrTrailMult |
| ADX/DMI length | int | 14 | adxLen |
| Minimum ADX for entries | float | 20.0 | adxEntryMin |
| Range when ADX is at/below | float | 17.0 | adxRangeMax |
| Choppiness length | int | 14 | chopLen |
| Range when choppiness is at/above | float | 61.8 | chopRangeMin |
| Efficiency length | int | 12 | effLen |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Range when efficiency is at/below | float | 0.28 | effRangeMin |
| ATR baseline length | int | 50 | atrRegimeLen |
| Pause entries above ATR ratio | float | 2.2 | panicAtrRatio |
| Pause entries on candle range x ATR | float | 2.8 | shockAtrMult |
| RSI length | int | 14 | rsiLen |
| Bullish RSI floor | float | 52.0 | rsiBullLevel |
| Bearish RSI ceiling | float | 48.0 | rsiBearLevel |
| MACD fast | int | 12 | macdFastLen |
| MACD slow | int | 26 | macdSlowLen |
| MACD signal | int | 9 | macdSignalLen |
| Minimum entry score | int | 6 | minScore |
| Breakout lookback | int | 12 | breakLen |
| Pullback distance from ZLEMA x ATR | float | 0.35 | pullbackAtr |
| Use volume when available | bool | true | useVolume |
| Volume average length | int | 20 | volumeLen |
| Volume confirmation x average | float | 1.15 | volumeFactor |
| Use higher-timeframe permission | bool | true | useHtf |
| Auto-select a higher timeframe | bool | true | autoHtf |
| Manual higher timeframe | timeframe | 240 | manualHtfTf |
| HTF Supertrend ATR length | int | 14 | htfAtrLen |
| HTF Supertrend factor | float | 3.0 | htfFactor |
| Enable close-confirmed stop/target exits | bool | true | useRiskExits |
| Initial stop minimum (ATR) | float | 1.8 | stopAtrMult |
| Structure stop lookback | int | 10 | swingLen |
| Structure stop buffer (ATR) | float | 0.15 | swingBufferAtr |
| Skip entries above stop distance (ATR) | float | 6.0 | maxStopAtr |
| TP1 (R) | float | 1.0 | tp1R |
| TP2 (R) | float | 2.0 | tp2R |
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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