A momentum indicator measuring consecutive candle fluctuations to track market movement intensity and potential overheat conditions across different trading periods.
Explore complementary indicator rolesHow it works
This momentum indicator tracks the width of consecutive bullish or bearish candles over a specified period, typically 120 candles. It generates three key lines: a green line showing maximum rise, a red line displaying maximum drop, and a blue line representing the weighted average of these fluctuations.
The indicator calculates the consecutive candle movements and compares them against historical average levels. By displaying these movements, traders can visually understand the current market momentum and identify potential trend strength or potential reversal points.
Why it may be useful
The indicator provides traders with a visual representation of market momentum, helping them understand the intensity of price movements beyond traditional trend analysis. It offers insights into potential market exhaustion and helps identify periods where price action might be deviating from normal fluctuation ranges.
By highlighting consecutive candle movements, traders can make more informed decisions about potential entry and exit points, manage risk more effectively, and recognize when the market might be experiencing unusual momentum.
When to explore it
This momentum indicator is most effective during trending markets where consistent directional movement is occurring. Traders can use it to identify potential overbought or oversold conditions, helping them time entries and exits more precisely.
The signal works particularly well when combined with other technical analysis tools, providing additional confirmation for trading decisions across various timeframes and market conditions.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
