Duyck

Squeeze - Expansion Indicator - JD

The Squeeze-Expansion Indicator or SE indicator shows the contraction and expansion of the volatility of the price,
it does this by evaluating the movement of the standard deviations of the price.
This indicator can be use in a similar way to ADX and momentum indicators and can potentially keep you out of NO-TRADE zones
It can also be used as an exit indicator to show when a move has likely lost momentum.

color coding of the SE indicator
-the BLUE area indicates the AMOUNT of SQUEEZE of the price deviations
-the ORANGE area indicates the AMOUNT of EXPANSION of the price deviations
-the highlighted (BLUE) line indicate SQUEEZE tightening
-the highlighted (GREEN and RED) lines indicate the RELEASE

- BLUE line rising indicates a likely bounce back if the price
- GREEN/RED line rising indicates a likely continuation/breakout of the price

JD .

#NotTradingAdvice
#DYOR

I build thes indicators for myself and provide them open source, to use for free to use and improve upon,
as I believe the best way to learn is toghether.
Release Notes: updated to v4.
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.

Want to use this script on a chart?
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!

Comments

Thank! a great indicator
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Duyck AbcXyzxxx
+1 Reply
Thx, Look's good!
+1 Reply
Duyck tiamo3733
@tiamo3733, thank you!
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Thanks for this! So far, the best range filter indicator I have tested.
Even after a few months, still working out how best to implement. Theres a lot of depth here!
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I really want to try this out! Does anyone have the ToS Version?
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I am studying this indicator. Is there any way to add an alarm when the'top line' rises and the color changes from green to downward?
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Good morning. I am interested in this indicator. However, when the'top line' exceeds the'squeeze line', some become green and some become purple. What is the difference?
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Thanks great indicator. Figured out a question i had posed .. edited the comment.
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Fantastic work, and immense thanks for making it open for people to learn from.
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