MOMO Detector

Purpose: Displays the price action in a subgraph that visually displays relative overbought and oversold conditions.
Description:
- Plots relative strength and momentum as the market value ebbs and flows.
- Plots the price action strength above and below a midpoint value.
- Signals reversals through crossovers, strength readings +/- and divergence.
- Simple to grasp Histogram with Gradient Coloring.
- User friendly, presets can easily be overwritten on the front end
- Gives added context to the chart being studied.
NinjaTrader Use:
- Displayed as a Gradient Histogram and custom moving average signals in a subgraph. Values can be custom fit by the user.
- Customizable parameters according to User’s preferred style (Position, Swing, or Day Trading).
Practical Example:
- On an ES chart for the beginning of October 2025, we see another All time high being established.
- Selected NT8 tools are added to the chart to provide valuable insights in the main panel.
- In a NinjaTrader subgraph, the chart displays our MOMO Detector, showing the concept of divergence.
- Price action throughout the week ebb and flow above and below the center line (CL) on the MOMO Detector.