// Momentum Scalper v1 - Complements HalfTrend v6 // Catches rapid price acceleration with volume confirmation // Use alongside v6 for complete coverage (trend + momentum) //@version=6 indicator("Momentum Scalper v1", overlay=true) // ============================================================================ // INPUTS // ============================================================================ // Momentum Detection roc_length = input.int(5, "ROC Length (candles)", minval=1, maxval=20) roc_threshold = input.float(2.0, "ROC Threshold %", minval=0.5, maxval=5.0, step=0.1) // Volume Confirmation vol_ma_length = input.int(20, "Volume MA Length", minval=5, maxval=50) vol_spike_mult = input.float(2.0, "Volume Spike Multiplier", minval=1.2, maxval=3.0, step=0.1) // RSI Extremes rsi_length = input.int(14, "RSI Length", minval=5, maxval=30) rsi_overbought = input.int(65, "RSI Overbought", minval=60, maxval=80) rsi_oversold = input.int(35, "RSI Oversold", minval=20, maxval=40) // Filters min_atr_pct = input.float(0.25, "Min ATR %", minval=0.1, maxval=1.0, step=0.05) min_adx = input.int(12, "Min ADX", minval=10, maxval=25) // Signal Quality enable_strict_mode = input.bool(false, "Strict Mode (higher quality)") // ============================================================================ // INDICATORS // ============================================================================ // Rate of Change (price acceleration) roc = (close - close[roc_length]) / close[roc_length] * 100 // Volume Analysis (check current + last 2 bars for spike) vol_ma = ta.sma(volume, vol_ma_length) vol_ratio = volume / vol_ma vol_ratio_1 = volume[1] / vol_ma[1] vol_ratio_2 = volume[2] / vol_ma[2] vol_spike = vol_ratio >= vol_spike_mult or vol_ratio_1 >= vol_spike_mult or vol_ratio_2 >= vol_spike_mult // RSI (momentum extremes) rsi = ta.rsi(close, rsi_length) rsi_extreme_high = rsi > rsi_overbought rsi_extreme_low = rsi < rsi_oversold // ATR (volatility gate) atr = ta.atr(14) atr_pct = (atr / close) * 100 sufficient_volatility = atr_pct >= min_atr_pct // ADX (trend strength - even momentum needs some direction) [diPlus, diMinus, adx] = ta.dmi(14, 14) adx_sufficient = adx >= min_adx // Price Position in Range (avoid extremes) highest_100 = ta.highest(high, 100) lowest_100 = ta.lowest(low, 100) price_position = ((close - lowest_100) / (highest_100 - lowest_100)) * 100 // Candle Analysis red_candle = close < open green_candle = close > open candle_size = math.abs(close - open) / open * 100 strong_candle = candle_size > 0.15 // At least 0.15% move (relaxed from 0.3%) // ============================================================================ // MOMENTUM SIGNALS // ============================================================================ // SHORT SIGNAL: Sharp drop with acceleration momentum_short_basic = roc < -roc_threshold and vol_spike and red_candle and sufficient_volatility and adx_sufficient // Strict: Requires RSI not oversold (>40), ADX confirmation, decent candle size momentum_short_strict = momentum_short_basic and rsi > 40 and strong_candle // LONG SIGNAL: Sharp rally with acceleration momentum_long_basic = roc > roc_threshold and vol_spike and green_candle and sufficient_volatility and adx_sufficient // Strict: Requires RSI not overbought (<60), ADX confirmation, decent candle size momentum_long_strict = momentum_long_basic and rsi < 60 and strong_candle // Choose mode short_signal = enable_strict_mode ? momentum_short_strict : momentum_short_basic long_signal = enable_strict_mode ? momentum_long_strict : momentum_long_basic // ============================================================================ // ANTI-CHOP FILTER (from v6) // ============================================================================ // Prevent signals in dead, sideways markets extreme_chop = adx < 10 and atr_pct < 0.25 and vol_ratio < 0.9 signal_blocked = extreme_chop // Final signals with anti-chop final_short = short_signal and not signal_blocked final_long = long_signal and not signal_blocked // ============================================================================ // VISUALIZATION // ============================================================================ // Plot FINAL signals (green/red triangles) plotshape(final_long, "🚀 MOMENTUM LONG", shape.triangleup, location.belowbar, color.new(color.lime, 0), size=size.normal, text="M-LONG") plotshape(final_short, "💥 MOMENTUM SHORT", shape.triangledown, location.abovebar, color.new(color.red, 0), size=size.normal, text="M-SHORT") // Plot BASIC signals (smaller dots for comparison - see what strict mode filters out) plotshape(momentum_long_basic and not final_long, "Basic Long (filtered)", shape.circle, location.belowbar, color.new(color.green, 70), size=size.tiny) plotshape(momentum_short_basic and not final_short, "Basic Short (filtered)", shape.circle, location.abovebar, color.new(color.orange, 70), size=size.tiny) // Background color for signal zones (more visible) bgcolor(final_long ? color.new(color.green, 85) : na, title="Long Zone") bgcolor(final_short ? color.new(color.red, 85) : na, title="Short Zone") bgcolor(signal_blocked ? color.new(color.orange, 92) : na, title="Chop Zone") // Plot volume spike bars (helps see when conditions are close) barcolor(vol_spike and sufficient_volatility ? (close > open ? color.new(color.aqua, 50) : color.new(color.purple, 50)) : na, title="Volume Spike Candles") // Debug info table (shows current status) var table debug_table = table.new(position.top_right, 2, 8, bgcolor=color.new(color.black, 80), border_width=1) if barstate.islast table.cell(debug_table, 0, 0, "ROC", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 0, str.tostring(roc, "#.##") + "%", text_color=roc < -roc_threshold ? color.red : (roc > roc_threshold ? color.lime : color.white)) table.cell(debug_table, 0, 1, "Vol Ratio", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 1, str.tostring(vol_ratio, "#.##") + "x", text_color=vol_spike ? color.lime : color.white) table.cell(debug_table, 0, 2, "RSI", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 2, str.tostring(rsi, "#.#"), text_color=rsi_extreme_high or rsi_extreme_low ? color.yellow : color.white) table.cell(debug_table, 0, 3, "ADX", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 3, str.tostring(adx, "#.#"), text_color=adx_sufficient ? color.lime : color.orange) table.cell(debug_table, 0, 4, "ATR%", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 4, str.tostring(atr_pct, "#.##") + "%", text_color=sufficient_volatility ? color.lime : color.orange) table.cell(debug_table, 0, 5, "Price Pos", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 5, str.tostring(price_position, "#") + "%", text_color=color.white) table.cell(debug_table, 0, 6, "Status", text_color=color.white, bgcolor=color.new(color.gray, 70)) status_text = final_long ? "🚀 LONG!" : final_short ? "💥 SHORT!" : signal_blocked ? "⛔ CHOP" : "⏳ Wait" status_color = final_long ? color.lime : final_short ? color.red : signal_blocked ? color.orange : color.gray table.cell(debug_table, 1, 6, status_text, text_color=status_color) table.cell(debug_table, 0, 7, "Mode", text_color=color.white, bgcolor=color.new(color.gray, 70)) table.cell(debug_table, 1, 7, enable_strict_mode ? "STRICT" : "BASIC", text_color=color.yellow) // ============================================================================ // ALERTS FOR TRADING BOT // ============================================================================ // Calculate metrics for webhook payload volumeRatio = vol_ratio pricePosition = price_position // LONG Alert if final_long alert_msg = '{\n' + '"action": "long",\n' + '"symbol": "' + syminfo.ticker + '",\n' + '"timeframe": "' + timeframe.period + '",\n' + '"indicatorVersion": "v7-momentum",\n' + '"atr": ' + str.tostring(atr_pct, "#.####") + ',\n' + '"adx": ' + str.tostring(adx, "#.##") + ',\n' + '"rsi": ' + str.tostring(rsi, "#.##") + ',\n' + '"volumeRatio": ' + str.tostring(vol_ratio, "#.##") + ',\n' + '"pricePosition": ' + str.tostring(price_position, "#.##") + ',\n' + '"roc": ' + str.tostring(roc, "#.##") + ',\n' + '"currentPrice": ' + str.tostring(close, "#.####") + '\n' + '}' alert(alert_msg, alert.freq_once_per_bar) // SHORT Alert if final_short alert_msg = '{\n' + '"action": "short",\n' + '"symbol": "' + syminfo.ticker + '",\n' + '"timeframe": "' + timeframe.period + '",\n' + '"indicatorVersion": "v7-momentum",\n' + '"atr": ' + str.tostring(atr_pct, "#.####") + ',\n' + '"adx": ' + str.tostring(adx, "#.##") + ',\n' + '"rsi": ' + str.tostring(rsi, "#.##") + ',\n' + '"volumeRatio": ' + str.tostring(vol_ratio, "#.##") + ',\n' + '"pricePosition": ' + str.tostring(price_position, "#.##") + ',\n' + '"roc": ' + str.tostring(roc, "#.##") + ',\n' + '"currentPrice": ' + str.tostring(close, "#.####") + '\n' + '}' alert(alert_msg, alert.freq_once_per_bar) // ============================================================================ // STRATEGY NOTES // ============================================================================ // INTENDED USE: // - Complement HalfTrend v6 (catches what trend-following misses) // - Use SMALLER position size (20-30% vs 100% for v6) // - Requires STRICTER quality score (70+ vs 60+ for v6) // - Best on 5-minute timeframe (momentum decays fast) // - ROC 1.5%+ threshold (captures moves before trend confirmation) // - Volume spike lookback (checks current + last 2 bars for confirmation) // // STRENGTHS: // - Catches sharp moves early (first 1-2%) // - High volume confirmation reduces false signals // - RSI directional confirmation (not extremes - allows catching moves earlier) // - Works in volatile markets (where v6 struggles) // // WEAKNESSES: // - More false signals than trend-following // - Requires tight stops (moves reverse quickly) // - Needs active monitoring (not set-and-forget) // - Performance varies by market regime // // QUALITY SCORE IMPACT: // + Volume spike (1.8x+ in last 3 bars): +15 points // + RSI directional (RSI <55 for longs, >45 for shorts): +10 points // + Strong ROC (>1.5%): +10 points // + Strong candle: +5 points // - Weak ADX (<12): -15 points // - Low ATR (<0.25%): -20 points // - Price at extreme (>90% or <10%): -15 points // // Expected score range: 55-85 (vs 60-95 for v6) // Recommended minimum: 70 (vs 60 for v6)