ITW Momentum Candle for Ninjatrader

🔥 ITW Momentum Candle

The ITW Momentum Candle is a next-generation chart candle designed to reveal true market strength, not just price direction.

Instead of displaying every price move equally, each candle is dynamically colored based on a real-time momentum score that combines price strength, momentum, trend alignment, and volume confirmation.
This allows traders to instantly see where the market is committing — and where moves lack conviction.

🧠 How It Works

Every ITW Momentum Candle evaluates four core components:

• Candle Strength
  Measures conviction by comparing candle body size to total range.

• Momentum
  Detects acceleration or deceleration across multiple bars.

• Trend Alignment
  Assesses price position relative to the prevailing trend (EMA-based).

• Volume Confirmation
  Validates moves by comparing current volume to average participation.

These components are weighted and combined into a single momentum score, which is then translated directly into the candle’s color.

🎨 Intuitive Momentum Color Scale

Each candle visually communicates market pressure using a multi-level color system:

• Strong Bullish – High momentum with strong confirmation

• Bullish / Weak Bullish – Controlled trend continuation or buildup

• Neutral – Balance, compression, or decision zones

• Weak Bearish / Bearish – Increasing selling pressure

• Strong Bearish – Aggressive downside momentum

No indicators to interpret — the candle itself tells the story.

📈 Why Traders Use ITW Momentum Candles

• Instantly identify high-quality momentum

• Distinguish real moves from weak price action

• Improve entries, exits, and trade confidence

• Reduce chart noise while preserving structure

• Ideal for scalping, intraday, and swing trading

⚙️ Fully Customizable

• Adjustable weighting for:

  • Candle strength

  • Momentum

  • Trend influence

  • Volume impact

• Configurable lookback periods

• Custom color schemes

• Works on any market, any timeframe

✅ In Short

ITW Momentum Candles transform traditional candlesticks into a momentum-driven decision tool.

You don’t just see where price moved —
you see how strong the move really was.

Less noise. More clarity. Better trades.