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Asset: Crypto

MotiveWave Integration

Written by Fabio Ruggeri on .

In this article you will learn how to set up the Menthor Q Indicators for MotiveWave. You can now access Gamma Levels, Swing Levels and Blind Spots Levels on the platform. You can now integrate the MenthorQ data into MotiveWave directly via API.

What is MotiveWave?

MotiveWave is a trading and charting platform designed for advanced technical analysis, strategy development, and automated trading. It supports multiple asset classes, including stocks, futures, forex, options, and cryptocurrencies. Learn more about MotiveWave here.

Indicator Features

Within the Indicator you have the following features:

  • Integration via API
  • Full Customization of Levels Plots and Labels
  • Access Multiple Levels Type:
    • Gamma Levels
    • Gamma Levels Intraday
    • Gamma Scalping
    • Gamma Scalping Intraday
    • Blind Spots
    • Swing Levels
  • Levels Conversion. You can convert all Levels Type from one asset to the other using Manual Ratio

Check out the Video Tutorial.

How to integrate MenthorQ Levels on MotiveWave

Integrating the MenthorQ Levels into MotiveWave is very simple. To do so follow these Steps:

  • Log into your Account Dashboard and go under Integration. Locate the MotiveWave section and download the indicator zip file.
  • Paste the indicator in the MotiveWave Extensions folder within your computer.
Extraction Study 1
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  • Unzip the File into the folder
Extraction Study 2
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  • This is how the folder should look like after the Zip file has been extracted
Extraction Study 3
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  • Add the Indicator to your chart by looking at the menu: Study – Custom
Add Study MotiveWave
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Configure the Indicator

Once downloaded the indicator go into your MotiveWave Indicator List and look for the MenthorQ Levels Indicator.

Step 1. Add your API Key

Scroll down the Indicator Settings and add your API Key. You can retrieve the API Key within the MenthorQ Account Dashboard.

Api Key
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Step 2. Choose Level Type

You can select what types of Levels you want in your chart and the Gamma Model. You can add Gamma Levels, Swing Levels (when available) and Blind Spots Levels.

For Gamma Levels we have 2 Models:

  • Gamma Levels. Those are the main MenthorQ Gamma Levels.
  • Gamma Scalping. This model allows you to access more gamma levels within a smallare range. Tailored for Futures Traders who are looking at tight areas for scalping.
  • Blind Spots Levels. You can learn more about Blind Spots here.
  • Swing Levels. You can learn more about Swing Levels here.
Levels type
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Motive Wave Gamma Levels
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Step 3. Customize the Levels Format

Within the Indicator you have the ability to fully customize the color of the labels, select which labels to plot, choose the style and more.

Levels Customization
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Step 4. Levels Conversion

Within MotiveWave you can now convert Levels from one asset to the other. For example you can do the following conversions:

  • Convert End of Day SPX Gamma Levels to ES
  • Convert Intraday QQQ Gamma Levels to NQ
  • Convert QQQ Blind Spots Levels to NVDA
  • Convert GLD Swing Levels to GC

Note: Conversion only works with Manual Ratio. For more information about Levels conversion check out our Tutorial Videos on our Trading Integrations Course.

Levels Conversion
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Converted Levels
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The Menthor Q-Score

Written by Fabio Ruggeri on .

In today’s fast-paced financial markets, traders and investors seek objective, data-driven insights to enhance their decision-making. The Q-Score, derived from our proprietary Quant Models, offers a comprehensive scoring system that evaluates assets based on four key factors: Momentum, Seasonality, Volatility, and Options. 

By assigning a numerical score to each factor, the Q-Score provides a structured approach to market analysis. You can find the Q-Score on the Dashboard.

Q Score
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Take a look at this Tutorial Video on the MenthorQ Score.

Breaking Down the Q-Score Components

Momentum Score

The Q-Score Momentum Model reflects the underlying trend strength of an asset. Our proprietary quant models analyze price action and technical indicators to determine whether an asset exhibits bullish or bearish momentum.

A higher momentum score suggests strong positive price action, while a lower score indicates weakness or potential downside pressure. Traders can use this score to align their positions with prevailing market trends. Our model assigns a score ranging from 0 to 5:

  • 0: Bearish Momentum
  • 3: Neutral Momentum
  • 5: Bullish Momentum
Q Score Momentum
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Seasonality Score

The Q-Score Seasonality Model assesses the historical performance of an asset over a specific time frame. Using 20 years of historical data, our model examines the price behavior of an asset over the next five days and assigns a score ranging from -5 to 5:

  • -5: Low Seasonality. Indicates a Bearish seasonality
  • 0: No Seasonality. No significant seasonal trend 
  • 5: High Seasonality. Indicates a Bullish seasonality

By leveraging the seasonality score, traders can anticipate potential price movements based on past performance and create advanced strategies. Our Seasonality score looks at the trend for the next 5 days.

Q Score Seasonality
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Volatility Score

The Q-Score Volatility Model measures the magnitude of price fluctuations of an asset. Our model assesses realized volatility to determine the likelihood of price swings. The volatility score ranges from 0 to 5:

  • 0: Low Volatility Environment, suggesting minimal price movement.
  • 5: High Volatility Environment, indicating large price fluctuations.

Traders can combine the Volatility Score with IV Rank (Implied Volatility Rank) and Implied Volatility to identify potential volatility arbitrage opportunities. When volatility is low, option premiums tend to be lower, making certain strategies like long straddles less favorable, while high volatility may present opportunities for selling premium.

Q Score Volatility
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Option Score

The Q-Score Options Model ranks an asset based on activity in the options market, providing insight into trader sentiment and expected price direction. The score ranges from 0 (bearish) to 5 (bullish):

  • 0: Strong Bearish Sentiment from the options market.
  • 5: Strong Bullish Sentiment from the options market.

By combining the Options Score with the Momentum Score, traders can gain additional confirmation for potential moves. This forward-looking model integrates key options market indicators to forecast price direction and sentiment shifts.

Q Score Option
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How Traders Can Use the Q-Score

The Q-Score provides a structured, quantitative perspective on market conditions. Here are some key ways traders can utilize it:

  1. Trend Confirmation: Use the Momentum Score alongside the Options Score to validate bullish or bearish trends.
  2. Seasonal Patterns: Leverage the Seasonality Score to identify historically strong or weak periods for an asset.
  3. Volatility-Based Strategies: Adjust trading strategies based on the Volatility and Option Scores—favoring trend-following trades in low-volatility environments and mean-reversion trades in high-volatility conditions. These two indicators, together with IV Rank can also be great tools for options buyers or sellers
  4. Options Market: Incorporate the Options Score to gauge sentiment and potential shifts in market positioning.

The Q-Score serves as a dynamic tool for traders, helping them adapt to evolving market conditions. By integrating multiple quantitative factors, it offers a holistic view of asset performance. Traders can refine their entries and exits by aligning strategies with momentum, seasonality, volatility, and options activity, enhancing their decision-making precision.

How to build a Quant Strategy using the Menthor Q-Score

The Menthor Q-Score can also be used to create Quant Trading Strategies. Learn how to use our Q-Score to create Quant Trading Strategies using Momentum, Volatility, Seasonality and Options Models.

Check out our Strategies. Access the Documentation with full backtest: