THE APPROACH
Built for a clearer view.
A momentum study concept that brings directional strength and acceleration into a single lower-pane view. Designed to help distinguish persistent movement from short-lived price fluctuations.
Core functionality
- Directional momentum histogram
- Signal-line confirmation
- Adjustable lookback and smoothing
Using the study
Look for agreement between momentum direction and the broader trend. Changes in histogram strength can add context, but are not standalone entry or exit instructions.
Platform & installation
This concept is designed for TradeStation using EasyLanguage. When a released source file is available and access has been granted, it appears in your file library with its version and installation notes. Review the platform’s current import or editor instructions before compiling a study.
No indicator eliminates trading risk. Test any released study in a simulated environment before using it in live trading.