Hambone's Momentum Reader is a powerful mixed momentum indicator combining the strengths of MACD and RSI to provide a comprehensive view of the market's current state. This tool evaluates both indicators and generates clear visual signals to help traders assess the trend direction at a glance. Hambone Momentum Reader is part of the complete Hambone Suite of Indicators, included with every purchase.

Dual Trend Visualization with Momentum Circles

Hambone's Momentum Reader generates two sets of circles—one across the top of the chart and another across the bottom—each offering a different perspective on market momentum:

• Locked-In Trend Circles (Top): The circles along the top of the chart represent a more stable reading of the overall trend. They require a greater degree of change in momentum to switch colors, making it easier to identify larger, more sustained trends. Red circles indicate a bearish trend, while green circles signify a bullish trend.
• Quicker Trend Change Circles (Bottom): The circles across the bottom of the chart are more responsive, designed to detect changes in momentum sooner. This means the circles change color more frequently, providing earlier signals of potential shifts in the market direction.

Overall Probability Reader

Hambone's Momentum Reader also includes an "Overall Probability Reader" that analyzes various EMAs to provide a percentage-based probability of bullish versus bearish conditions. The probability readings give traders a quick way to assess the likely market direction and can serve as an extra confirmation of the trend.

Probability Reader Example: The probability readings, such as "65% Bullish" and "35% Bearish," offer a data-driven insight into potential price movement, supporting informed trading decisions.

Adaptable for Every Market and Timeframe

Just like the other indicators in the Hamscalper Suite, Hambone's Momentum Reader works uniquely on each timeframe, ensuring that traders can use it effectively for scalping, day trading, or multi-day trend analysis. Whether you're trading Futures on the 6m, Crypto on the 1hr, Forex on the daily, or Stocks on the weekly, the Hambone Momentum Reader is designed to fit seamlessly into your strategy and provide valuable insights.

Scalping NQ on the 6M

Why Choose Hambone Momentum Reader?

• Comprehensive Trend Signals: Combines MACD and RSI to provide clear, visual signals of market momentum.
• Dual Trend Perspective: Locked-in circles for long-term trends and quicker circles for short-term momentum shifts.
• Integrated Probability Reader: Adds a layer of probability analysis to help confirm trend direction.
• Versatility Across All Markets and Timeframes: Suitable for all trading styles, from scalping to swing trading, across any market.

It's All about the Momentum!