Reposting the fresh version of the indicator with fixing few bugs and improved calculations. Play around the setting to suite your trading style.
Outline of Indicator:
Purpose of this indicator?
Main purpose of building this indicator is to catch the Momentum of the Current Trend & its strength. So i have use the CMO indicator as the base for building this.
What it CAN DO?
Since catching the momentum is important to all traders, making an early entry to the strong trend is a dream of every one . so i feel to make all these possible i need to look at the , trend strength, Bulls & Bear's power as well which decides.
Hence i have used some manual calculations to decide the strength of Bulls (Price Moving Up) and Bears (Price Moving Down), Range of Price (High to Low) to decide the with the help of | Price change | . Also the Manual calculation to assess the Trend Strength with the help of few Averages.
Who Can Use this Indicator:
This is built purely as a intraday indicator if you use it along with my other Indicator (BreathEasy_PriceAction_Indicator_Pro | BreathEasy_PriceAction_Indicator_Basic) for the time frame below 30 Min. if you use it as a stand alone you may use it above 4H time frame.
Feel free to PM me for any further information.