What It Does and How to Use It

The Advanced Momentum Reversal Radar Indicator is a streamlined tool designed to detect trend reversals and momentum shifts with precision. It delivers two key signals—Momentum Arrows and Filtered High/Low Points—to help you identify opportunities and make confident trading decisions.
With clear, actionable insights, this indicator simplifies entry and exit timing across any trading style or timeframe, ensuring you stay ahead of market shifts and capitalize on momentum with ease.

1. Momentum-Based Signals (Arrows)

Bullish Arrows (Yellow Up Arrows):

• These appear when strong upward momentum is detected, ideal for breakout or trend-following strategies.
• Conditions:
• The current candle closes above its open (bullish candle).
• The current close is above the previous high, confirming a breakout.
• The current open is above the previous close, indicating sustained strength.

Bearish Arrows (Red Down Arrows):

• These signal strong downward momentum, helping identify breakdown opportunities.
• Conditions:
• The current candle closes below its open (bearish candle).
• The current close is below the previous low, indicating a breakdown.
• The current open is below the previous close, showing sustained weakness.

These arrows are perfect for capturing momentum-driven market moves, whether you're trading breakouts or looking to align with the prevailing trend.

2. Filtered High/Low Signals (Points)

Green Points (Bullish):

• Appear when the current low is higher than the previous low, signaling a bullish trend shift.
• Key Uses: Highlight areas of price strength where upward movement is likely to continue.

Pink Points (Bearish):

• Appear when the current high is lower than the previous high, signaling a bearish trend shift.
• Key Uses: Identify areas where downward momentum is strengthening, signaling potential trend reversals.

These points dynamically adjust to your chosen timeframe (e.g., daily, hourly) using the aggregationPeriod input, making them flexible for different trading strategies.