OPEN-SOURCE SCRIPT
Moving Average Squeeze %
A new indicator for you guys to try out, it measured the squeeze % of several MA's and combines them in a super trend-% (where 0 is low squeeze and 100% is where all MA's are crossing on same price)
You can use different period lengths and enable the composite-% for display if you want to see all the data that makes up the super trend.
The indicator uses the 10, 20, 50, 100, and 200 SMA.
You can use different period lengths and enable the composite-% for display if you want to see all the data that makes up the super trend.
The indicator uses the 10, 20, 50, 100, and 200 SMA.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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