Squeeze Momentum Indicator + 2.0 by AlmaBuque59

This is a squeeze momentum oscillator with ADX-RSI, Elliot waves oscillator, HMA background and more.

I recommend configure ADX-RSI with the following settings:

-ADX Length = 14
-ADX smooth = 14
-RSI Length = 14
-Threshold = 15
-Upline = 70
-Downline = 30

Thanks to OskarGallard for develop this indicator.

I am Sc4lp1ng, the developer of EMA MTF cloud and TSI-ADX Histogram.

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

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