Momentum Intensity Angles

Ever wanted to stick a protractor on screen to measure the angle of the momentum?

Well with this indicator, you can measure the degree of INTRADAY momentum on 5 mins timeframe (*works on all the charts, stock, commodity, forex, crypto, derivatives) , you can see on what angle the price is showing momentum. With this study you can get an estimate of the intensity of the momentum.

Note: Will work only on 5 mins timeframe, from very first candle of the intraday session. Also can change colors of the lines in indicator settings.

How to use:
0° to 30° (either side) = Sideways, no direction, avoid trading.
30° to 45°(either side) = Mild momentum.
45° to 60° (either side) = Picture Perfect 45° Momentum, respects 9 EMA.
60° to 75° (either side) = Extreme buying/Selling Pressure.
Above 75° (either side) = Extreme Momentum, one that breaks supports or resistances, Trade with caution, as sharp REVERSALS as expected.

Disclaimer/Warning: This indicator does not provide Buy/Sell signals or nor is an investment advice. This indicator solely for the purpose of study of price and its momentum. Users are responsible for their own actions, profit/loss of the users is not the liability of author.