Overview of the Indicator
Conqueror 1.00 is a momentum-based indicator displayed in a separate window. It measures short-term price pressure and compares different range periods to highlight shifts between bullish and bearish control.
The histogram and signal dots make it easy to see when momentum is strengthening, fading, or reversing. It is designed to help traders spot early changes in market sentiment rather than long-term trend direction.
How to Use It in Practice
When the histogram expands in one direction, it shows increasing pressure from buyers or sellers. A shift in color or the appearance of signal dots can indicate a possible short-term reversal or continuation setup.
Traders can use it to confirm breakout attempts, filter entries in trending markets, or detect exhaustion during ranging conditions. It works well as a confirmation tool alongside price action or support and resistance levels.
Parameter Explanations
Period
Defines the main calculation period for the momentum measurement. A smaller value increases sensitivity and produces faster signals, while a larger value smooths the output and reduces noise.
Range 1 period
Sets the first range length used in the internal comparison. This usually represents the shorter-term market pressure.
Range 2 period
Sets the second range length for comparison. This typically reflects a broader or slower price movement and helps identify divergence between short-term and medium-term pressure.
