Canonical Momenta Indicator [T1][T69]

📌 Overview
The Canonical Momenta Indicator [T1][T69] models trend pressure using a Lagrangian-based momentum engine combined with reflexivity theory to detect bursts in price movement influenced by herd behavior and volume acceleration.

🧠 Features

Lagrangian-based kinetic model combining velocity and acceleration
Reflexivity burst detection with directional scoring
Adaptive momentum-weighted output (adaptiveCMI)
Buy 🐋 / Sell 🐻 labels when reflexivity confirms direction
Fully parameterized for customization

⚙️ How to Use

This indicator helps traders:
Detect reflexive bursts in market activity driven by sharp price movement + volume spikes
Capture herd-driven directional moves early.
Gauge market pressure using a kinetic-potential energy model.

Suggested signals:
🐋 Reflexive Up: Strong bullish momentum spike confirmed by volume and positive lagrangian pressure
🐻 Reflexive Down: Strong bearish dump confirmed by volume and negative lagrangian burst

🔧 Configuration
MA Lookback Length - Smoothing for baseline price & energy calculation
Reflexivity Momentum Threshold - Price momentum trigger for burst detection
Reflexivity Lookback - Period over which bursts are counted
Reflexivity Window - Minimum burst sum to trigger signal label
Volume Spike Threshold - % above average volume to qualify as burst

📊 Behavior Description
The indicator computes a Lagrangian energy:

Kinetic Energy = (velocity² + 0.5 * acceleration²)
Potential Energy = deviation from moving average (distance²)
Lagrangian = Potential − Kinetic (higher = overextension)

Then, reflexive bursts are triggered when:

Price is rising or falling over short window (burstMvmnt)
Volume is above average by a user-defined multiple

Each bar gets a burst score:

+1 for up-burst
−1 for down-burst
0 otherwise

Combine with moving average slope for trend filtering
Use divergence between adaptiveCMI and price to detect exhaustion
Works well in crypto, commodities, and volatile assets

⚠️ Limitations

Sensitive to high volatility noise if volMult is too low
Designed for higher timeframes (1H, 4H, Daily) for reliability
Doesn’t confirm direction in sideways markets — pair with other filters

📝 Disclaimer
This tool is provided for educational and informational purposes. Always do your own backtesting and use proper risk management.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

Teyo69

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.

Open-source script

Teyo69