OPEN-SOURCE SCRIPT
Updated LRI Momentum Cycles [AlgoAlpha]
Discover the LRI Momentum Cycles indicator by AlgoAlpha, a cutting-edge tool designed to identify market momentum shifts using trend normalization and linear regression analysis. This advanced indicator helps traders detect bullish and bearish cycles with enhanced accuracy, making it ideal for swing traders and intraday enthusiasts alike.
Key Features:
How to Use:
🛠 Add the Indicator: Favorite and apply the indicator to your TradingView chart. Adjust the lookback period, linear regression source, and regression length to fit your strategy.
📊 Market Analysis: Watch for color changes on the trend line. Green signals bullish momentum, while red indicates bearish cycles. Use these shifts to time entries and exits.
🔔 Set Alerts: Enable notifications for momentum shifts, ensuring you never miss critical market moves.
How It Works:
The LRI Momentum Cycles indicator calculates trend direction by applying linear regression on a user-defined price source over a specified period. It compares historical trend values, detecting bullish or bearish momentum through a dynamic scoring system. This score is normalized to ensure consistent readings, regardless of market conditions. The indicator visually represents trends using gradient-colored plots and fills to highlight changes in momentum. Alerts trigger when the momentum state changes, providing actionable trading signals.
Key Features:
- 🎨 Customizable Appearance: Set personalized colors for bullish and bearish trends to match your charting style.
- 🔧 Dynamic Trend Analysis: Tracks market momentum using a unique trend normalization algorithm.
- 📊 Linear Regression Insight: Calculates real-time trend direction using linear regression for better precision.
- 🔔 Alert Notifications: Receive alerts when the market switches from bearish to bullish or vice versa.
How to Use:
🛠 Add the Indicator: Favorite and apply the indicator to your TradingView chart. Adjust the lookback period, linear regression source, and regression length to fit your strategy.
📊 Market Analysis: Watch for color changes on the trend line. Green signals bullish momentum, while red indicates bearish cycles. Use these shifts to time entries and exits.
🔔 Set Alerts: Enable notifications for momentum shifts, ensuring you never miss critical market moves.
How It Works:
The LRI Momentum Cycles indicator calculates trend direction by applying linear regression on a user-defined price source over a specified period. It compares historical trend values, detecting bullish or bearish momentum through a dynamic scoring system. This score is normalized to ensure consistent readings, regardless of market conditions. The indicator visually represents trends using gradient-colored plots and fills to highlight changes in momentum. Alerts trigger when the momentum state changes, providing actionable trading signals.
Release Notes
small changesOpen-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.
🔱Get 50% off ALL PLANS!🔱(Ends soon!)
Code: HFD25
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
Code: HFD25
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
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
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.
🔱Get 50% off ALL PLANS!🔱(Ends soon!)
Code: HFD25
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
Code: HFD25
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
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.