momentum index 25 days commodity

📊 MOMENTUM INDEX 25 DAYS - TRADINGVIEW

**Created by: Alphaomega18**

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## 🎯 DESCRIPTION

This indicator calculates the **Momentum Index** for commodities using the formula:

**Momentum Index = Today's closing price - Closing price 25 days ago**

### Interpretation:
- ✅ **Positive value** (above 0) → **BULLISH** trend
- ❌ **Negative value** (below 0) → **BEARISH** trend
- 📍 **Value = 0** → No change over 25 days

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## ⚙️ CUSTOMIZABLE PARAMETERS

In the indicator settings (gear icon ⚙️), you can modify:

- **Momentum Period**: Default 25 days, you can change to 10, 20, 30, etc.
- **Moving Average Period**: Default 10 days, you can adjust as needed

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## 🎨 VISUAL CHARACTERISTICS

- **Black horizontal line at 0**: Reference line
- **Histogram**:
- 🟢 **Green**: Positive momentum (uptrend)
- 🔴 **Red**: Negative momentum (downtrend)
- **Blue line**: Continuous momentum curve
- **Orange line**: 10-period moving average of momentum (smooths fluctuations)
- **Colored background**: Slightly colored zone for easier reading
- **Label**: Displays current momentum value

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## 🔔 AVAILABLE ALERTS

The indicator includes automatic alerts:

### Create an alert:
1. Click on the **"Alert"** icon (⏰) in TradingView
2. Condition: **"Momentum Index 25 Days"**
3. Choose:
- **"Momentum turns positive"**: Alert when momentum crosses above 0
- **"Momentum turns negative"**: Alert when momentum crosses below 0
4. Configure your notifications (email, popup, etc.)

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## 💡 HOW TO USE

### On any commodity:
- **Gold** (GOLD, GC1!)
- **Silver** (SILVER, SI1!)
- **Crude Oil WTI** (CRUDE OIL, CL1!)
- **Brent Oil** (BRENT, BZ1!)
- **Natural Gas** (NATURAL GAS, NG1!)
- **Copper** (COPPER, HG1!)
- **Wheat** (WHEAT, ZW1!)
- **Corn** (CORN, ZC1!)
- **Soybeans** (SOYBEANS, ZS1!)

### Analysis example:
1. Open the **Gold** (GOLD) chart
2. Add the **"Momentum Index 25 Days"** indicator
3. Observe:
- If the histogram is **green** → Gold is rising compared to 25 days ago
- If the histogram is **red** → Gold is falling compared to 25 days ago
- When it **crosses the 0 line** → Trend change

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## 🔍 TRADING STRATEGY (EXAMPLE)

### Potential buy signal:
- Momentum **goes from negative to positive** (crosses 0 upward)
- Confirmation: momentum continues to increase

### Potential sell signal:
- Momentum **goes from positive to negative** (crosses 0 downward)
- Confirmation: momentum continues to decrease

⚠️ **CAUTION**: This indicator should be used with other analyses. Never trade on a single indicator.

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## 📊 RECOMMENDED COMBINATIONS

Combine this indicator with:
- **RSI** (Relative Strength Index) for overbought/oversold zones
- **MACD** to confirm trends
- **Moving Averages** (50 and 200 days) for long-term trend
- **Volume** to confirm movement strength

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## 🆕 MOVING AVERAGE FEATURE

The **orange line** represents a 10-period moving average of the momentum:

### Benefits:
- **Smooths daily fluctuations** in momentum
- **Identifies the trend** more clearly
- **Filters short-term noise**
- Clearly visible **orange line** on the chart

### How to use it:
- When momentum crosses **above** the moving average → Strengthening uptrend
- When momentum crosses **below** the moving average → Strengthening downtrend
- The moving average acts as a **dynamic support/resistance** for momentum

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## 🛠️ SUPPORT

If you encounter any issues:
1. Make sure you copied **all** the code
2. Ensure you're using TradingView (not another platform)
3. The code is compatible with **Pine Script v5**

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## 📝 TECHNICAL NOTES

- **Pine Script Version**: v5
- **Type**: Indicator (overlay=false, displays in separate panel)
- **Calculation**: `close - close[25]`
- **Update**: Real-time with each new candle

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**Happy Trading! 🚀**

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**© Alphaomega18** - Momentum Index 25 Days with Moving Average