PROTECTED SOURCE SCRIPT
SQUEEZE MTF - @JuanSeNL
// Thanks to LazyBear for SQZMOM_LB
The Squeeze Momentum Indicator [LazyBear] have 2 indicators, The Momentum Indicator and the Squeeze Indicator, in this case I use the Squeeze Ind to shows how it works and to be easier to use it
The Squeeze indicator use Bollinger Bands and Keltner's Channels to find potential accumulation/distribution fases, a price range is a period when the price is moving sideways without any significant advancement in the upward or downward direction, so this indicator helps to detect the potential end for the range and alert for breakouts above or below the upper and lower trading range bounds.
When BB are into the KC bands signifies low volatility, so market preparing itself for an explosive move (up or down), and “Squeeze release”
GREEN: Low volatility
Multiple Time Frame Version - Allow to choose a different timeframe
The Squeeze Momentum Indicator [LazyBear] have 2 indicators, The Momentum Indicator and the Squeeze Indicator, in this case I use the Squeeze Ind to shows how it works and to be easier to use it
The Squeeze indicator use Bollinger Bands and Keltner's Channels to find potential accumulation/distribution fases, a price range is a period when the price is moving sideways without any significant advancement in the upward or downward direction, so this indicator helps to detect the potential end for the range and alert for breakouts above or below the upper and lower trading range bounds.
When BB are into the KC bands signifies low volatility, so market preparing itself for an explosive move (up or down), and “Squeeze release”
GREEN: Low volatility
Multiple Time Frame Version - Allow to choose a different timeframe
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.