Indicators Community
2 public indicators shared by traders on Setup.Cash.
Momentum Gradient Index (MGI)
by Solange Ferreira · updated 7/24/2026
Measures the acceleration of momentum by calculating the second derivative of a weighted moving average of price. It highlights when price momentum is gaining speed (positive acceleration) or slowing down (negative acceleration), useful for confirming strong continuation setups in Forex day trading, especially GBP/USD or EUR/GBP during London session on 5-15 minute charts.
Rejection Wick Strength Indicator (RWSI)
by Florentina Voss · updated 7/24/2026
Quantifies candle rejection by measuring the ratio of the longer wick to the total candle range relative to the real body size. Identifies candles where the wick is at least twice the body length and occupies more than 40% of the total range, signaling strong price rejection. Outputs a normalized strength score from 0 to 1 to highlight pronounced rejection wicks.