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
Volume Delta Trailing Stop
An overlay indicator that estimates up and down volume from lower-timeframe candles, from 1 second to 1 minute, and builds a trigger line when volume delta disagrees with the candle color.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code129
Settings11inputs
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
A signal appears when price breaks that line, and a trailing stop follows the move, adjusted by a percentage or a multiple of true range. The trigger can use highs and lows or closes, and alerts are included. It needs a plan that supports seconds data.
- Volume delta from lower-timeframe candles
- Trigger line on delta and candle disagreement
- Trailing stop by percentage or true range
- Wick or close trigger option
- Signal alerts
Details
Published by
vedkanani123 on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volume, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| LTF | string | 1 | res |
| Trigger | string | H/L | trig |
| Δ line | string | Adjustment | adj |
| Adjustment | float | 0.0 | perc |
| Mult of TR | float | 10 | mult |
| based on: | string | open | inputSource |
| "Neutral-Volume" is considered "Up-Volume" | bool | true | neutral_green |
color | #009688 | colUp | |
| - | color | #F23645 | colDn |
color | #3e89fa | BclUp | |
| - | color | #ff9531 | BclDn |
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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