OPEN-SOURCE SCRIPT
Short Term Squeeze Indicator
This is based on John Carter's concept of using Bollinger deviations for identifying short term squeezes.
How to use this
- Use on any time frame but is ideal for 30 min to daily charts
- When wars shift from being below zero to being positive, this is suggesting shift of momentum
- Can also be used when things are extended to the high side or low side to bottom pick or scale out or even short
How to use this
- Use on any time frame but is ideal for 30 min to daily charts
- When wars shift from being below zero to being positive, this is suggesting shift of momentum
- Can also be used when things are extended to the high side or low side to bottom pick or scale out or even short
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 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
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