UCS Squeeze Momentum Overlay with Alerts — Indicator by scarf

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.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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