Mongoose Capital: FlowWave + Conviction Strip

🟩 Indicator Name
Mongoose Capital: FlowWave + Conviction Strip

📜 Short Description
Smoothed Money Flow Oscillator with conviction scoring columns to assess flow strength.

🧠 Description (Long Form)
The Mongoose Capital: FlowWave + Conviction Strip is a refined visualization of money flow dynamics designed to identify shifts in volume pressure and trend strength.

This dual-panel indicator includes:

• FlowWave Line — A smoothed momentum curve built from normalized money flow data, filtered through dual EMAs. Green (positive) and purple (negative) segments help traders quickly assess bias shifts.

• Conviction Score Columns — A histogram below the zero line shows strength of flow deltas (momentum of volume pressure). Green/red bars appear when strength exceeds a critical threshold, while gray bars indicate low conviction.

• Background Zone Coloring — Optional dark red/green gradient to enhance visibility of positive/negative phases.

✅ Designed for traders who value clarity and minimal noise
✅ Pairs well with macro trend filters or breakout strategies
✅ Built and published by Mongoose Capital

🔧 Default Settings
Money Flow Length: 14

Signal Cooldown: 5 bars

Source: HLC3

EMA Wave Filter: 3

Strength Threshold: 20

🧪 Suggested Use
Confirm entries/exits in trend continuation setups

Identify divergences between price and money flow

Filter low-conviction trades using the histogram's gray zone

Spot early accumulation or distribution through wave crossovers

📢 Author
Published by: TheRealMongoose
Powered by: Mongoose Capital
Feel free to tag us in your setups.