OPEN-SOURCE SCRIPT
UCS Squeeze Momentum Overlay with Alerts
All credit to the great ucsgears. His original indicator is on this page: 
I just remixed the visuals and added alerts when price is released from the squeeze. I find it works well on lower timeframes for Forex and Bitcoin. Suggestions for other instruments and timeframes are welcome! When adding alerts use 'On Condition' to get the fastest alerts.
Best used in conjunction with the USC_SQZ_Opt Ooscillator from this page:
Possibly useful tip: the squeeze code here is great for identifying ranging markets, and can be used with other indicators to stop alerts firing in choppy markets.
I just remixed the visuals and added alerts when price is released from the squeeze. I find it works well on lower timeframes for Forex and Bitcoin. Suggestions for other instruments and timeframes are welcome! When adding alerts use 'On Condition' to get the fastest alerts.
Best used in conjunction with the USC_SQZ_Opt Ooscillator from this page:
Possibly useful tip: the squeeze code here is great for identifying ranging markets, and can be used with other indicators to stop alerts firing in choppy markets.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.