Squeeze Panel

This is a combination of the Squeeze Momentum Indicator by LazyBear and the Wave A/B/C indicator by UCSGEARS, presented as a panel inspired from work by lejmer.

The panel consist of 5 rows:

1. Squeeze Indicator
2. Squeeze Direction
3. Wave A
4. Wave B
5. Wave C

Release Notes

The calculation of the Keltner Channel has been made true to the definition over at Investopedia.

The Money Flow Index (MFI) has been added as the default alternative as the Breakout indicator.
MFI is commonly used to monitor the flow of money and/or momentum; a value above 50
may indicate a Buy pressure and vice versa. The previous, Linear Regression, is still maintained
as an optional alternative to MFI (this to be backwards compatible to the previous version).

Also, the coloring of the Green/Red colors of the panel has been made more friendly toward
color blind persons.

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.

kruskakli

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

kruskakli