OPEN-SOURCE SCRIPT

Variety-Filtered, Squeeze Moving Averages [Loxx]

Updated

Variety-Filtered, Squeeze Moving Averages [Loxx] is a chop zone indicator that identifies when price is below a specific volatility threshold calculated as the difference between a fast and slow moving average and filtered using ATR- or Pips-based threshold. This indicator can be use as both an entry and exit indicator. It identifies both chop zones and breakouts/breakdowns

How to use

When the candles turn white and the threshold bands appear on the chart, this is indicative of low volatility
When price exits the threshold bands, price will usually explode up or down giving a long or short signal. This acts as a sort of squeeze momentum.

Included:

Bar coloring
Signals
Alerts, 4 types of alerts: Squeeze started, Squeeze ended, long, and short
Loxx's Expanded Source Types
35+ Loxx's Moving Averages

Release Notes

Small error fix.

Release Notes

Small input spelling fix.

Release Notes

Fixed input UI groupings.

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?

loxx

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