I have identified 4 Setups that works wells with this. I will let you explore and comment. Could possibly initiate arguments and can identify a few more.
Nothing is perfect, but probable.
Using this with the Timing V1 Signals - It is easier to sneak in. More variations to this in future. Will need time to backtest other variations.
// Variation - Lazybear Squeeze Indicator // Recreated and Modified by UCSgears // Replaced the momentum indicator study(shorttitle = "UCS_SQUEEZE_Timing_V2", title="Squeeze Momentum Timing and Direction", overlay=false) lengthBB = input(20, title="BB Length") multBB = input(2,title="BB MultFactor") lengthKC=input(20, title="KC Length") multKC = input(1.5, title="KC MultFactor") useTrueRange = input(true, title="Use TrueRange (KC)", type=bool) // Calculate BB source = close basis = sma(source, lengthBB) dev = multBB * stdev(source, lengthBB) upperBB = basis + dev lowerBB = basis - dev // Calculate KC ma = sma(source, lengthKC) range = useTrueRange ? tr : (high - low) rangema = sma(range, lengthKC) upperKC = ma + rangema * multKC lowerKC = ma - rangema * multKC sqzOn = (lowerBB > lowerKC) and (upperBB < upperKC) sqzOff = (lowerBB < lowerKC) and (upperBB > upperKC) noSqz = (sqzOn == false) and (sqzOff == false) bbr = ((source - lowerBB)/(upperBB - lowerBB))-0.5 val = sma(bbr,20) bcolor = iff( val > 0, iff( val > nz(val), green, blue), iff( val < nz(val), red, orange)) scolor = noSqz ? blue : sqzOn ? red : green plot(val, color=bcolor, style=histogram, linewidth=3) plot(0, color=scolor, style=circles, linewidth=3)
Question - what are the 4 trade setups that you like? The typical setups that I look for are slow curves with a kicker, j hooks and resistance bands looking for a break either up or down.