registry / @BackQuant / momo
Momo
by BackQuant
Momentum oscillator built to give a cleaner read on sustained market pressure. Rather than reacting aggressively to every short-term price move, Momo normalizes momentum over a broader range to show when directional pressure is building, holding, weakening, or becoming stretched. This makes it particularly useful alongside faster indicators, where it can provide context on whether a move has meaningful momentum behind it or is simply short-term noise. The gradient histogram gives an immediate visual read of both direction and momentum strength, while the optional moving average helps track changes in the underlying momentum trend. Overbought and oversold zones highlight more extended conditions, making it easier to identify when momentum has moved toward an extreme rather than treating every positive or negative reading the same. Momo is designed as a simple momentum context tool: direction, strength, persistence and extremes in one view.
1.1.0 · published 2026-08-24 · 2 versions · 2 purchases
What you're buying
- scriptMomentumv1.1.0
Versions
| Version | Published | |
|---|---|---|
1.1.0 | 2026-08-24 | |
1.0.0 | 2026-08-24 |