Momentum Snap Markers
- Indicatori
- Versione: 1.0
- Attivazioni: 5
Overview
Stop staring at raw oscillator lines trying to guess where momentum actually turns. Momentum Snap Markers does the reading for you — it watches momentum shift out of extreme territory and drops a clean, unmistakable arrow directly on your chart the moment it happens, paired with an optional sound alert so you never miss the move while you're away from the screen.
Built for traders who want a fast, at-a-glance read on potential reversal points without cluttering the chart with a separate indicator window, Momentum Snap Markers plots straight onto price — simple, clear, and easy to combine with your existing setup.
How It Works
- Momentum tracking. The indicator continuously measures momentum using a configurable lookback period ( CciLookback ), watching for it to swing between overbought and oversold extremes.
- Snap detection. When momentum crosses back out of the oversold extreme, an upward marker is placed beneath the price bar. When it crosses back out of the overbought extreme, a downward marker is placed above the bar — the exact moment the balance of pressure changes.
- Bar-close confirmation. Markers are placed once a bar has closed, not repainted retroactively — what you see is what was actually confirmed at the time.
- Instant alerting. With SoundAlertEnabled switched on, a sound plays the moment a fresh marker appears, so you can step away from the chart without stepping away from the opportunity.
Key Features
- Bold, high-visibility arrow markers plotted directly on the price chart — no separate window needed
- Distinct color and marker style for bullish and bearish snaps (LimeGreen up / DarkOrange down), instantly readable at a glance
- Adjustable lookback period to fine-tune sensitivity for any instrument or timeframe
- Optional sound alert so you catch every signal, even when you're not watching
- Automatic marker offset scaling by timeframe, so arrows always sit cleanly clear of the candles
- Lightweight and fast — runs cleanly alongside EAs and other indicators without slowing your terminal
Settings Overview
- CciLookback — the momentum lookback period; lower values react faster, higher values filter out minor swings
- SoundAlertEnabled — turns the audible alert on or off for freshly formed markers
Usage Recommendations
- Start with the default lookback and adjust to taste once you see how it reacts on your chosen instrument and timeframe.
- Works well as a confirmation layer alongside a trend filter or support/resistance analysis — treat each marker as a prompt to look closer, not a standalone trigger.
- Keep the sound alert enabled if you trade across multiple charts and can't watch every one at once.
Risk Disclaimer
This indicator is a visual and audible aid for identifying potential momentum reversals; it does not predict future price movement or guarantee trading results. Always combine its signals with your own analysis and risk management before making trading decisions.
