This is a custom indicator of mine loosely based on the work by Steve J Godwin & Louisa C Schneider
(Stocks and Commodities
Feb 2021 pg
22) and this works pretty well at anticipating future price swings as the momentum falls. The idea I was going for was to introduce the idea of reversals in combination with a momentum indicator
so you can better identify peaks and valleys. I have included strong buy and signals in addition to normal ones so darker colors are the strong buy and sell signals and lighter colors are the normal ones. I would recommend to buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like me to publish!