Natural Momentum
SETTING MANUAL
1/ What is Natural Momentum?
Introduction:
- The Natural Momentum indicator is a tool designed for TradingView users, tailored for traders keen on capturing the inherent strength of market trends in real-time.
- It harnesses the power of natural logs and a sophisticated TEMA-based algorithm to sift through past market data, providing precise predictions of market momentum shifts.
Benefits:
- Trend Insights: Offers immediate signals for upcoming market trend reversals.
- Reduced Lag: Provides faster, more accurate market entry and exit points than traditional indicators.
- High-Probability Trades: Filters market noise for clearer trade opportunities.
- Simplified Trading: Auto-calculates trade entries, stops, and targets for ease of use.
- Versatile: Effective across all markets and time frames, suitable for various trading strategies.
- Timely Alerts: Delivers alerts swiftly to capture significant moves without delay.
2/ Indicator Setting - Natural Momentum Indicator
Please note that there are 2 parts to this product: Natural Momentum and Natural Momentum Signal. Please add them both from your Invite-only scripts.
Natural Market Slope Period: Adjust to make the indicator more or less sensitive to price movement. Shorter periods yield quicker signals; longer ones smooth out volatility.
Price: Choose the price data (open, high, low, close…) for indicator calculations, tailoring it to your trading approach.
Triple EMA Pre-smoothing Period: This smooths out the line at the start, helping to lessen the effect of sudden market jumps..
Line Color 1 & 2: Customize these colors for the primary and secondary lines to differentiate between different momentum indicators.
Fill Color 1 & 2: Select fill colors to visually mark different areas on the chart, showing you whether the market is up or down.
Line Width: Alter the thickness of the indicator lines – thicker for visibility or thinner for a less cluttered chart.
3/ Indicator Setting - Natural Momentum Signal
Please note that there are 2 parts to this product: Natural Momentum and Natural Momentum Signal. Please add them both from your Invite-only scripts.
Natural Market Slope Period: Adjust to make the indicator more or less sensitive to price movement. Shorter periods yield quicker signals; longer ones smooth out volatility.
Price: Choose the price data (open, high, low, close,...) for indicator calculations, tailoring it to your trading approach.
Triple EMA Pre-smoothing Period: This smooths out the line at the start, helping to lessen the effect of sudden market jumps..
SL & TP
Stop Loss Detection Distance (Days): Set how many days back the indicator checks to place a stop loss.
ATR Period for SL Shift: Choose the time period for Average True Range to adjust the stop loss.
SL Shift Coefficient (from ATR): Determines how much the ATR affects the stop loss movement.
TP Coefficient (from SL): Sets the take profit level based on the stop loss setting.
Stop Loss Line Color: Pick a color for the stop loss line on the chart.
Take Profit Line Color: Choose a color for the take profit line.
Line Style Option: Select the style of the lines (dotted, dashed, etc.).
Stop Loss Label: Add a label to your stop loss line for easy identification.
Take Profit Label Color: Pick a color for the label on your take profit level.
Arrows
- Buy Text: Enter the text displayed for a buy signal (e.g., "Buy").
- Sell Text: Enter the text displayed for a sell signal (e.g., "Sell").
- Buy Text Color: Choose the color for the buy signal text.
- Sell Text Color: Choose the color for the sell signal text.
- Buy/Sell Arrow Size: Adjust the size of the buy and sell signal arrows.
- Arrow Max Back Bars: Set how many bars back the arrows can appear for past signals.
- How can I set up alerts?
To stay updated on potential trading opportunities, you can set up alerts within the Natural Momentum.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's “Alert” icon.
Step 3: Select Natural Momentum Signal from the “Condition” dropdown list:
Step 4: A pop-up will appear as follows. You click on “Notifications”.
Step 5: You choose the types of notifications you'd like to receive and click the “Create” button.