OPEN-SOURCE SCRIPT
AWESOME Momentum & Trend Meter

Momentum + Trend Meter Indicator –
Imagine the stock chart is a road, and we want to know which way the cars are going (trend) and how fast they are moving (momentum). This indicator gives us two special meters to see that.
1. Momentum Meter (AO Baseline)
Think of AO (Awesome Oscillator) as a ruler that tells us if the road is going uphill (bullish) or downhill (bearish).
MACD is like a speedometer that tells us how fast the cars are moving.
Colors show how strong the movement is:
Dark green = strong uphill (good for buying)
Light green = uphill but slow
Dark red = strong downhill (good for selling)
Light red = downhill but slow
rey = mixed signals, be careful!
So, this meter tells you: “The trend is up/down, and the speed is fast/slow.”
2. Trend Meter (All 3 Trend Meters Align + WaveTrend)
This meter looks at three different signals (like checking the weather, traffic lights, and road signs) to see if they all agree on the trend.
Circles mean all three signals say the same direction (all green = bullish, all red = bearish).
Crosses mean all three signals agree AND the momentum is strong (extra confirmation).
The background color also shows the trend: green = up, red = down.
So, this meter tells you: “All signs agree — it’s safe to follow the trend.”
How You Can Use It
Look for Momentum Meter and Trend Meter agreeing:
Both show green → good time to buy.
Both show red → good time to sell.
Grey areas or light colors → be careful, the trend is weak or confusing.
This indicator doesn’t guess, it just shows the trend and momentum clearly.
It’s like having two helpers:
One tells you which way the road goes (Momentum Meter)
The other tells you if it’s safe to move (Trend Meter).
Imagine the stock chart is a road, and we want to know which way the cars are going (trend) and how fast they are moving (momentum). This indicator gives us two special meters to see that.
1. Momentum Meter (AO Baseline)
Think of AO (Awesome Oscillator) as a ruler that tells us if the road is going uphill (bullish) or downhill (bearish).
MACD is like a speedometer that tells us how fast the cars are moving.
Colors show how strong the movement is:
Dark green = strong uphill (good for buying)
Light green = uphill but slow
Dark red = strong downhill (good for selling)
Light red = downhill but slow
rey = mixed signals, be careful!
So, this meter tells you: “The trend is up/down, and the speed is fast/slow.”
2. Trend Meter (All 3 Trend Meters Align + WaveTrend)
This meter looks at three different signals (like checking the weather, traffic lights, and road signs) to see if they all agree on the trend.
Circles mean all three signals say the same direction (all green = bullish, all red = bearish).
Crosses mean all three signals agree AND the momentum is strong (extra confirmation).
The background color also shows the trend: green = up, red = down.
So, this meter tells you: “All signs agree — it’s safe to follow the trend.”
How You Can Use It
Look for Momentum Meter and Trend Meter agreeing:
Both show green → good time to buy.
Both show red → good time to sell.
Grey areas or light colors → be careful, the trend is weak or confusing.
This indicator doesn’t guess, it just shows the trend and momentum clearly.
It’s like having two helpers:
One tells you which way the road goes (Momentum Meter)
The other tells you if it’s safe to move (Trend Meter).
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です!無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。