OPEN-SOURCE SCRIPT

Squeeze Momentum Indicator [GeeNeee]

Updated

Script Modified from LazyBear Original TTM Sqz Script

Release Notes

Squeeze Momentum Indicator shows when Bollinger Bands squeeze into the Keltner Channel. When this condition is met, price consolidation is typically followed by a move up or down. The histogram in the indicator helps predict direction of the price action breakout. If the histogram is flipping from red to green, the signal is bullish. If the histogram is flipping from green to red, the signal is bearish.

Release Notes

Switched color code

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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