Momentum Period The number of candles used to calculate momentum. Recommended value: 14 (The higher the value, the smoother the curve, but with a lag.)
Volatility Period The number of candles used to calculate volatility. Recommended value: 14
Scaling Factor The scaling factor adjusts the indicator calculation to produce a readable curve. Default value: 100000
Thresholds
Overbought Level The value above which the market is considered overbought. Default value: 100.0
Oversold Level The value below which the market is considered oversold. Default value: -100.0
Volatility Adjustment: The indicator dynamically adjusts momentum calculations based on current market volatility, providing more accurate and timely signals.
Overbought/Oversold Signals:
Overbought: Indicates the price might soon correct.
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