Double Triple Momentum

1/ What is the Double Triple Momentum?

The Double Triple Momentum Indicator for TradingView helps traders approach breakout and transform trend strategies.

By harnessing the power of double and triple momentum patterns, this indicator offers unparalleled precision in identifying key market movements.

Benefits:

Precision in Momentum Analysis: At the heart of this indicator lies its ability to detect distinctive double and triple momentum patterns, offering traders sharp accuracy
Volume Confirmation for Reliability: Integrating volume analysis with momentum patterns, the Double Triple Momentum Indicator elevates the reliability of identified trading signals. By requiring a surge in trading volume to confirm momentum patterns, it adds an extra layer of validation, enhancing the probability of successful trades.
Versatile Application Across Markets: Designed to adapt to a wide array of financial markets, including forex, equities, commodities, and more, this indicator is versatile enough to benefit traders regardless of their preferred market or asset class. Its robust framework ensures effectiveness in both short-term and long-term trading scenarios.
Customizable Alerts: Provides a range of alert options including pop-up, sound, email, and push notifications, customizable to individual trading needs and styles.

2/ Indicator Setting - Double Triple Momentum

Trend Filter's Fast MA Period: Adjusts the period (number of bars) for the fast moving average (MA), a key component in determining the near-term trend direction. A shorter period results in a more responsive MA, capturing quicker market changes.
Trend Filter's Fast MA Method: Select the method for calculating the fast moving average. Options typically include simple (SMA), exponential (EMA), smoothed (SMMA), and linear weighted (LWMA). Each method offers different sensitivity levels to price changes, allowing for tailored trend analysis.
Trend Filter's Fast MA Price: Determines the price type (e.g., close, open, high, low) used to calculate the fast moving average. This setting allows traders to fine-tune how they interpret price movements in the context of trend analysis.
Trend Filter's Slow MA Period: Sets the period for the slow moving average, essential for identifying the underlying market trend over a longer timeframe. A longer period smooths out price data, reducing market noise and highlighting sustained trends.
Trend Filter's Slow MA Method: Specifies the calculation method for the slow moving average. Like the fast MA method, choices include SMA, EMA, SMMA, and LWMA, offering varied approaches to understanding long-term market movements.
Trend Filter's Slow MA Price: Selects the price type used in the slow moving average calculation. Adjusting this parameter allows traders to base their trend analysis on different aspects of price action, providing flexibility in strategy implementation.

SL & TP

ATR Period for SL Shift: Adjust the period for ATR used in calculating the shift of the Stop Loss (SL).

SL Shift Coefficient (from ATR): Decide the coefficient by which the ATR affects the stop loss adjustment.

TP Coefficient (from SL): Determines how the Take Profit (TP) levels are calculated relative to the stop loss settings.

STYLING

Bullish Pattern Color: Defines the color used to highlight bullish patterns on the chart.
Bearish Pattern Color: Sets the color for marking bearish patterns.
Up Arrow Color: Chooses the color for the up arrows.
Down Arrow Color: Determines the color for down arrows.
Up/Down Arrow Size: Adjusts the size of the up and down arrows on the chart.

✔Display TP/SL on Chart: Toggle the display of Take Profit and Stop Loss levels on the chart.

TP Color: Customize the color of the Take Profit lines on the chart.

SL Color: Choose the color for the Stop Loss lines.

Max Bars to Calculate: Set the maximum number of bars the indicator should use for its calculations

3/ How can I set up alerts?

To stay updated on potential trading opportunities, you can set up alerts within the Double Triple 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 Double Triple Momentum 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.