Squeeze Momentum Indicator [LazyBear] Version2 by KıvanÇ fr3762 by KivancOzbilgic

oscillator movingaverage squeeze fr3762 kivanc

Modified version of Squeeze Momentum Indicator including line graph of the main indicator instead of using a Histogram and a second Signal line (5 bars SMA of the original line) to provide visual BUY/SELL signals

BUY when Blue crosses ABOVE the RED signal line
SELL when Blue crosses BELOW the RED signal line

author: LazyBear
modified by: KıvanÇ @fr3762 on twitter (tweets are only in TURKISH)

TURKISH EXPLANATION:

Orijinal indikatördeki histogram yerine çizgi grafiği alınarak bu grafiğin 5 barlık basit hareketli ortalaması sinyal çizgisi olarak eklendi.

Al Koşulu: Mavi çizginin Kırmızıyı yukarı kesmesi
Sat koşulu: Kırmızı çizginin Maviyi yukarı kesmesi

Threads: threads.net/@kivancozbilgic

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

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.

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.

Want to use this script on a chart?