Amplitude Momentum Label - Professional Trend Detection Indicator
Limited-time introductory pricing for early adopters - secure your copy now at a reduced rate before the price increases to standard retail pricing once the initial release period ends.
Version 1.0
Future Updates Coming Soon
Youtube Video Guides and Trade Examples Coming Soon
Complimentary Setup & Training Session
Every purchase includes a FREE 30-minute personalized consultation via Zoom, Discord, Google Meet, or your preferred video platform. During this one-on-one session, I'll help you:
- Install and configure the indicator for your specific trading style
- Calibrate the amplitude and session parameters to match your instruments and timeframes
- Walk through practical examples of identifying key levels and interpreting sequence endpoints
- Answer your questions and ensure you understand how to maximize the indicator's effectiveness
This personalized guidance ensures you get the most value from your purchase and can start using the indicator confidently right away. Simply contact me after purchase to schedule your session at a mutually convenient time.
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What It Does
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This indicator automatically identifies and marks significant price momentum sequences on your chart, helping you visualize when markets are trending strongly versus moving sideways. It works by analyzing cumulative price movements and only highlights moves that exceed your defined amplitude threshold.
Key Features
Smart Momentum Detection
- Automatic labeling of upward (blue) and downward (red) momentum sequences
- Customizable amplitude threshold measured in basis points - you decide what constitutes a "significant" move
- End-of-sequence markers clearly show when momentum has exhausted (with optional confirmation bars)
Session-Based Analysis
- Up to 3 configurable trading sessions (Asian, London, New York, etc.)
- Automatically resets calculations at session boundaries
- Visual session markers with labels showing your configured times
- GMT offset adjustment to match your local timezone
Advanced Processing Options
- Rolling window mode: Analyze momentum over a fixed lookback period for consistent signals
- Closed bar processing: Option to only calculate on completed candles (no repainting)
- Inactive period filter: Automatically detects when momentum has stalled using a time-based threshold
Real-Time Status Display
- Live position indicator showing current market state:
- "UP SEQUENCE IN PROGRESS"
- "DOWN SEQUENCE IN PROGRESS"
- "END - UP/DOWN SEQUENCE"
- "NEUTRAL"
- Current amplitude reading in basis points
- Customizable colors for each state
- Choose display position (top/bottom/center right)
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How It Works (Technical Overview)
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The indicator uses a two-pass algorithmic approach:
- Pass 1: Scans price data to identify preliminary momentum sequences based on your amplitude threshold
- Filter Pass: Applies statistical regression (OLS) to refine sequences and remove false signals
Price movements are converted to cumulative log returns (basis points), making the analysis scale-independent and suitable for any instrument or timeframe.
Understanding Amplitude
- 1 bps = 0.01% price movement
- 100 bps = 1% price movement
- 20 bps ≈ 0.2% move (default threshold)
The status display shows current sequence amplitude in real-time, helping you gauge momentum strength before the END signal appears.
Fully Customizable
- Minimum amplitude threshold (in basis points)
- Inactivity timeout (in bars)
- Confirmation candles for sequence ends
- Label placement and colors
- Rolling window size
- Session reset times with GMT offset
- Status display appearance and position
Perfect For
- Traders who want objective, algorithm-based trend identification
- Multi-timeframe analysis (works on any chart period)
- Session-based trading strategies
- Identifying momentum exhaustion points
- Filtering out noise and consolidation periods
No subjectivity. No guesswork. Just clear, automated momentum detection based on your parameters.
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Important Usage Guidelines
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Understanding the Algorithm's Design
This indicator uses a forward-looking window to achieve zero-lag labeling of historical momentum sequences. This means it identifies price moves with exceptional accuracy after they've developed, but cannot predict the direction of the current bar in real-time.
The Tradeoff:
- Zero lag + forward-looking = Perfect historical labeling but requires price confirmation
- Lagged + no forward-looking = Real-time signals with delay (controlled by "T Inactive" and "Wait for Confirmation" parameters)
Recommended Best Practices
1. Use Sequence Endpoints as Key Levels
- Treat confirmed momentum endings as high-probability Support and Resistance zones
- These represent points where significant price moves exhausted
- Ideal for planning entries, exits, and stop placements
2. Calibrate Amplitude to Your Market
- Calculate the average volatility of your instrument over your chosen timeframe
- Use this value to set the "Minimum Amplitude" parameter appropriately
- Different instruments and timeframes require different thresholds (e.g., 20 bps for forex majors vs. 50+ bps for volatile pairs)
3. Backtest Before Live Trading
- Test parameter combinations on historical data
- Find the optimal balance between signal frequency and reliability
- Understand how "T Inactive" and "Confirmation Candles" affect your results
- Remember: This is an analytical tool for identifying completed moves, not a predictive signal generator
Bottom Line
This indicator excels at objectively marking where momentum occurred, making it invaluable for post-move analysis, level identification, and understanding market structure. Treat it as a sophisticated measurement tool rather than a real-time entry signal system.
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⚠️ Disclaimer
This indicator is provided for educational and informational purposes only. It is not intended as financial or investment advice. Nothing in this product, its documentation, or any related materials should be construed as a recommendation to buy, sell, or hold any financial instrument. Trading in financial markets involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. There is no guarantee of profits, and users may incur substantial losses. By using this indicator, you acknowledge that you are solely responsible for your own trading decisions and financial outcomes. The creator of this product shall not be held liable for any losses or damages arising directly or indirectly from its use. Always conduct your own analysis before making any trading decisions.
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