Smart Momentum Ignition Signal
- 지표
- Md Golam Murshed
- 버전: 1.1
Overview
The Smart Momentum Ignition indicator is designed to capture the exact moment a market transitions from a low-volatility "squeeze" (compression) into a high-volatility trend. Unlike standard "big candle" indicators, this tool uses a rigorous multi-step confirmation process to filter out "fake-outs" and exhausted moves.
How It Works
The indicator identifies high-probability trade entries based on three core pillars:
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Compression Analysis: It calculates the average range of the last X candles to establish a baseline for normal market activity.
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The Ignition Candle: It looks for a candle that significantly exceeds the average range (Breakout Multiplier) and maintains a solid body (Min Body Ratio), ensuring the move is driven by real volume, not just news spikes.
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Follow-Through Confirmation: To prevent entering on "one-hit wonders," the indicator checks a user-defined number of subsequent candles. A signal is only printed if the price sustains the breakout direction, confirming institutional participation.
Key Features
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Non-Repainting Logic: Once the follow-through confirmation is met, the signal remains fixed on the chart.
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Customizable Sensitivity: Adjust the Breakout Multiplier to find anything from steady trend starts to explosive "black swan" moves.
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Quality Filtering: The MinBodyRatio filter ensures you only enter when the candle closes near its high/low, avoiding long-wick candles that signal rejection.
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Visual Clarity: Clean Wingdings arrows (up/down) for easy integration into any trading template.
Input Parameters
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Compression Period: The window of candles used to calculate "normal" volatility.
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Breakout Multiplier: How much larger the "Big Move" must be compared to the average.
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Follow-Through Candles: The number of candles required to hold the price direction to validate the signal.
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Min Body Ratio: Filters for "solid" candles (e.g., 0.6 means the body must be at least 60% of the total candle range).
Trading Suggestions
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Entry: Enter on the close of the candle where the arrow appears.
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Stop Loss: Place your stop loss at the midpoint or the low/high of the "Ignition Candle."
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Timeframes: Best used on M15, H1, and D1 charts for trend-following strategies.
