MOMEMTUM READER ULTIMATE

Momemtum Reader is the complement of Market Reader it will help you to find market Top and Bottom.

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V2 with better pattern

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Huge improvement

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bug correction

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update of overbought and sold pattern

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Improvement of overbought and sell pattern

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Update v3:
-Add Fast and slow momemtum
-Add RSI divergence highlight (black triangle)
-Add RSI overlay
-Add oversold/buy pattern (blue/red dots)

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bug fix for Multi-time Frame Momemtum

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Improvement of:
-Oversold/Bougth pattern
-Divergence
-Trend exhaustion detection

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Bug alert fixed

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Update:
1) add custom Period
2)Add older Momemtum (in option)

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Adding stochastic plot as option

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Update to 4.1 version:
-Improvement of the code
-Adding Bear (red circle) and Bull ( blue circle) signal for aggressive entry
-Adding alarm for each pattern

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-Add option to use fastest momemtum to improve divergence/convergence trading

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//Version 4.5//
*smoothing improved
* Div pattern plot on the momemtum

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Version 4.6:
*Red and blue circle mean Overbougth and oversold
*Divergence pattern are plot in Black for Momemtum divergence only, and in RED if in addition to momemtum divergence there is a RSI divergence with RSI>70 or <30
* In bull trend:
- Blue circle mean BUY the Pullback
- Bull divergence mean BUY the Pullback
- Red circle or black bear divergence mean Partial take profit (according to your TA)
- Red divergence mean possible reversal (according to your TA)


It is the opposite for Bear Trend

Versionshinweise:

// VERSIOn 4.61:
-Add option to plot previous top and bottom pattern (default parameter is false)