What is the trend momentum indicator?
TrendMomentum is a dual oscillator indicator and gives you insight in the trends momentum and strenght using a complex calculation based on price action and volume.
The Momentum part is represented by the columns, red for decreasing momentum, green for increasing and silver for no trend indication.
This, with divergences being build in, proved to be a very powerfull signal
The Strenght part is represended by the blue line, with green zones marking overbought, and red zones marking oversold.
The stars indicate when momentum is pivoting into the other direction while strenght being inside an OB/OS zone.
It comes with 3 different methods to display buy/sell flags and four build in filters