Momentum Flair

Overview:
As can be seen from the name it is an indicator of Momentum, therefore it measures the volatility and the trend of an asset.

Operation:
The indicator can indicate the volatility of the security by observing the size of the histograms. It also informs of the trend; if the maximum value in absolute value is identified, the histograms begin to decrease, this informs that a trend inversion is taking place.