Momentum Screener
The Momentum Screener is a custom indicator built for TradingView that provides a consolidated view of several momentum-based indicators across multiple trading symbols. It's designed to help traders quickly assess the overall sentiment of different assets using indicators like MACD, Awesome Oscillator (AO), Parabolic SAR, Supertrend, and Detrended Price Oscillator (DPO). By displaying the status of these indicators in a tabular format, traders can efficiently identify potential trading opportunities.
Features
Indicators Used
Features
- Multiple Indicator Analysis: Combines key momentum indicators to provide a comprehensive market sentiment overview.
- Customizable Symbol List: Allows traders to select up to 40 different trading symbols to monitor simultaneously.
- Real-Time Updates: Dynamically updates the screener results in real-time as new price data becomes available.
Indicators Used
- MACD (Moving Average Convergence Divergence): Identifies trend direction and duration along with potential reversal points through the relationship between two moving averages of the price.
- AO (Awesome Oscillator): Measures market momentum by calculating the difference between the 34 period and 5 period simple moving averages, based on the midpoints of the bars (HL2).
- SAR (Parabolic Stop and Reverse): Provides potential stop-loss levels and indicates entry and exit points based on price momentum.
- Supertrend: Combines volatility and price averages to indicate the direction of the price movement, offering signals to buy or sell.
- DPO (Detrended Price Oscillator): Removes longer-term trends to focus on shorter-term cycles and overbought/oversold conditions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.