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
RitstaR-Algo
This overlay indicator scores each confirmed bar from zero to six using fast, slow, and trend EMAs, higher-timeframe bias, RSI, MACD, ATR, and volume.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code328
Settings26inputs
LicenceNone stated
Last update8 months ago25 Feb 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
RitstaR-Algo plots buy and sell labels when the score meets the minimum entry threshold and exit labels when the opposite score falls to the exit threshold, with a cooldown between signals. Settings change EMA lengths, momentum levels, volume and ATR gates, score limits, and ATR multiples for displayed take-profit and stop lines. It draws EMAs, optional trend background, and those lines on the price chart. The README states signals confirm only on bar close.
- Six-factor confluence scoring
- Higher-timeframe EMA bias
- ATR-based TP and SL lines
- On-chart trade dashboard
- Buy, sell, and exit alerts
Details
Published by
ritstar on GitHub
Type
Draws
On the price chart
Category
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 21 | ema_fast |
| Slow EMA | int | 55 | ema_slow |
| Trend EMA | int | 200 | ema_trend |
| HTF Bias Timeframe | timeframe | 60 | htf |
| RSI Length | int | 14 | rsi_len |
| RSI Overbought | int | 65 | rsi_ob |
| RSI Oversold | int | 35 | rsi_os |
| MACD Fast | int | 12 | macd_fast |
| MACD Slow | int | 26 | macd_slow |
| MACD Signal | int | 9 | macd_sig |
| ATR Length | int | 14 | atr_len |
| ATR Mult (Signal Gate) | float | 1.5 | atr_mult |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volume Threshold (x avg) | float | 1.3 | vol_thresh |
| Volume MA Length | int | 20 | vol_len |
| Min Entry Score (1-6) | int | 4 | min_score |
| Exit score threshold | int | 2 | exit_score |
| Cooldown bars after exit | int | 5 | cooldown |
| TP1 ATR Multiplier | float | 1.5 | tp1_mult |
| TP2 ATR Multiplier | float | 3.0 | tp2_mult |
| SL ATR Multiplier | float | 1.2 | sl_mult |
| Show TP / SL Lines | bool | true | show_tp_sl |
| Buy Color | color | color.new(#00E676, 0) | bull_col |
| Sell Color | color | color.new(#FF1744, 0) | bear_col |
| Exit Color | color | color.new(#FFD600, 0) | exit_col |
| Show EMAs | bool | true | show_emas |
| Show Trend Background | bool | true | show_bg |
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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