Volume Momentum Div - [TCMaster]

📘 Description

Volume + Momentum (Instant Alert) is a dynamic indicator designed to detect potential market tops and bottoms in real time by combining momentum shifts with volume spikes.
Unlike traditional oscillators that confirm signals only after candle close, this tool reacts instantly, providing early alerts during live market movements.

⚙️ How It Works

Momentum Calculation:
Measures the short-term price acceleration using the difference between the current price and the price n periods ago.
Rising momentum indicates bullish strength, while falling momentum shows bearish pressure.

Volume Spike Detection:
Compares current volume to its moving average.
When the current volume exceeds the average by a defined multiplier, it signals strong market participation — often appearing near market reversals.

Signal Logic:

Top Alert (🔻): Momentum turns negative while a volume spike occurs → potential short opportunity.

Bottom Alert (🔺): Momentum turns positive while a volume spike occurs → potential long opportunity.

🎯 Features

Real-time alerts (calc_on_every_tick=true) — signals trigger instantly during live candles.

Multiple plot styles available: Line, Histogram, or Columns.

Simple yet powerful logic suitable for scalping, intraday, and swing trading.

Works across all markets (forex, crypto, stocks, commodities).

💡 How to Use

Look for Volume Spikes — sudden increases in volume often mark exhaustion or breakout points.

Check Momentum Direction — combine with volume to confirm reversals.

Entry/Exit:

Buy when a green triangle (🔺) appears below the bar.

Sell when a red triangle (🔻) appears above the bar.

Optional Filters: For improved accuracy, combine with RSI, Stochastic, or trend filters (e.g., EMA200).