Momentum Sticks

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These Candlesticks Measure Momentum of the Trend Using My Custom Momentum Formula

You can use this indicator to spot reversals, and when the current trend is still going. 

Green Candles Above 0 = Current Momentum Moving Up

Red Candles Above 0 = Uptrend Resistance / Weak Uptrend

Red Candles Below 0 = Current Momentum Moving Down

Green Candles Below 0 = Downtrend Resistance / Weak Downtrend

Inputs: 

You can customize the length of candlesticks back it looks. I suggest keeping this value around 8 - 10 for best results.

TR trillyreign
trillyreign
Updated Apr 3
momentum
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