Candle Momentum Exhaustion

🚀 Candle Momentum Exhaustion Indicator – Spotting Market Reversals Like a Pro!

🔥 Live in Action! Our Candle Momentum Exhaustion Indicator is prhttps://www.tradingview.com/script/ia6xS1RJ-Candle-Momentum-Exhaustion/oving its strength in identifying key exhaustion points in the market. Using a black candle fill to highlight exhaustion areas, the indicator successfully detects when momentum weakens, signaling potential reversals with high accuracy.

📊 Key Features & Observations:
✅ Precision Exhaustion Signals – Captures exhaustion points before reversals, helping traders make informed entries & exits.
✅ Works Across Market Conditions – Whether in a strong trend or sideways movement, it adapts dynamically.
✅ Volume Confirmation – Signals align well with increasing/decreasing volume, adding credibility.
✅ Enhanced Visuals – The black-filled exhaustion candles make it easier to spot momentum weakness at a glance!

🔍 How It’s Performing in Nifty 50:
📌 Recent market structure shows consistent accuracy, with exhaustion points appearing at peaks & dips before trend shifts.
📌 Strong signal clusters near resistance zones indicate potential profit booking areas for traders.
📌 Support areas see exhaustion candles aligning with buying interest, helping catch potential reversals early.

🚀 Conclusion:
This indicator is proving to be an essential tool for traders looking to catch momentum exhaustion before price reverses. With strong visual cues and volume correlation, it’s a game-changer for intraday and swing trading!

💬 How are you using the Candle Momentum Exhaustion Indicator? Drop your feedback below! 👇