Dynamic Range MomentumI
Indicator
495 downloads
Version 1.0, Oct 2024
Windows, Mac
5.0
Reviews: 1
Since 03/10/2024
165
Sales
39.76K
Free installs

Description

- Calculates the **Bollinger Bands** ๐Ÿ“Š based on the Simple Moving Average (SMA) and the standard deviation of the closing price.

- Calculates the **Keltner Channels** ๐Ÿ“ˆ using a moving average and either the true range or the range between highs and lows.

- Then, the indicator measures **momentum** โšก by calculating the difference between the current closing price and the average of recent highs and lows, displaying a **histogram**:

- **Green** for positive momentum ๐Ÿ“ˆ.

- **Red** for negative momentum ๐Ÿ“‰.


This histogram helps visualize the strength and direction of market movements, making it easier to spot potential trends or changes in market dynamics.


๐Ÿ”ฅ  Pinescritlabs
Ctrader Store indicators:                        ๐Ÿค–Pinescritlabs Ctrader Store cBots:

 Fair Value Gap Sessions                         Gold & BTC Breakout Session Pivots(new)

ZigZag

 BOS & CHOCH

RSI Trend Trigger

Channel Breakout System

Supertrend

Market Imbalance

Adaptive Trend Channel 

Dynamic Market Structure
Analysis of Turning Points

Order Block

Fibonacci Linear
Regression Multi-timeframe

Volume POC Heatmap

Dynamic RSI

Momentum Fair Value Gap

Market Flow Projection

Dynamic Trend Gradient

Multi-Level Candle Bias
Tracker

Zig-Zag Extremity Tracker

Reactive Moving Average

Auto-Trend Channel

Auto Support and
Resistance Trend Lines

All Support and
Resistance Levels

Leverage Liquidation Map

Zones Supply Demand

Dynamic Range Momentum

Summary

AI summary
Dynamic Range MomentumI is a trading indicator that combines Bollinger Bands and Keltner Channels to analyze market volatility and momentum. It calculates Bollinger Bands using the Simple Moving Average (SMA) and the standard deviation of closing prices, while Keltner Channels are derived from a moving average and either the true range or the range between highs and lows. The indicator measures momentum by computing the difference between the current closing price and the average of recent highs and lows. This momentum is displayed as a histogram with green bars indicating positive momentum and red bars indicating negative momentum. The histogram visually represents the strength and direction of market movements, aiding traders in identifying potential trends or shifts in market dynamics. The indicator is relevant for markets including cryptocurrencies (e.g., BTCUSD), commodities (e.g., gold, XAUUSD), and supports breakout and trend strategies.
Indicator profile

Customer reviews

5.0
Reviews: 1
5
100 %
4
0 %
3
0 %
2
0 %
1
0 %
Customer reviews
August 12, 2025
Pros: Adaptive momentum indicator based on price vs. recent range. Lightweight, clean chart, works across timeframes. Cons: No alerts or tooltips. Limited customization. Needs confirming indicators or thresholds.

Discussion

FAQ

BTCUSD
Breakout
Supertrend
Commodities
RSI
Crypto
XAUUSD
Bollinger
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

Since 03/10/2024
165
Sales
39.76K
Free installs