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Squeeze

(JS) Triple StochasticSo I ended up adding a ton of stuff to my prior Double Stochastic script which you can see here . The concept of the Double was to smooth out the existing Stochastic by applying a Stochastic to the existing Stochastic (hence the Double). My concept for the Triple Stochastic is much different. It combines a regular stochastic, stochastic RSI, and the double stochastic to get a smoothed output based on all 3. Also - since I love being able to see a Squeeze (see my Squeeze Pro indicators - Squeeze Pro 2 & Squeeze Pro Overlays ) I added the Squeeze to the Stochastic (the dots). If you're unfamiliar with how a Squeeze works, or what it is, check out my links for explanation. A quick explanation however is that the Squeeze is an indicator that was invented by John Carter that detects price compression before a big move out of a range. This is done by using Bollinger Bands and Keltner Channels, the BB shrink inside the KC. The color of the dots represent the depth of the BB in the KC, white (or black) being the lightest squeeze, red being the standard squeeze, and yellow being the strongest squeeze. Now on to the indicator: The first thing you'll notice is the options available for the type of Stochastic you'd like to use: Standard : This is a regular Stochastic Stochastic RSI : This is the standard Stochastic RSI Double : This is the Stochastic on top of a Stochastic from the prior version Triple : This is simply an average of all 3 of the above combined together (Top indicator shows the Triple Stochastic) The options "K", "D", and "Smooth" are the settings from a regular Stochastic used to set up the type of Stochastic you choose to use. Now let's say you're not sure how one type performs compared to another, or you like the quickest momentum change but also like to see the smoothest trend, or you want to use the same types of Stochastic and watch for them to cross like moving averages - for these reasons I added the ability to add a second Stochastic for comparison. (2nd indicator shows a fast and slow Triple Stochastic together) Quite obviously, the "K 2", "D 2", and "Smooth 2" are what is used in order to set the parameters for the second Stochastic. Now another thing I added was the option to replace the regular Stochastic and instead look at the distance between the K and D. By turning off "Use K% and D%" you get to see this in action. To put it simply, a cross above zero would indicate a positive Stochastic crossover, and a cross below zero would represent the opposite. There's also an option titled "SMA Length using Difference" which, to smooth this out a bit, allows you to apply a moving average to the distance. By setting it at 1 you'd see the actual distance between K and D. (3rd indicator shows the K and D distance used as a plot) Another thing I wanted to do was add a different type of background that wasn't based on the indicator itself. I decided to use ADX & DMI which is a great way to determine the trend. When you select "ADX/DMI BG" the BG colors will change from being based on the indicator to being based on ADX and DMI. (The 3rd indicator also shows the ADX/DMI BG being used). And now finally the last feature I decided to add takes us back to the Squeeze. Essentially it is just the Stochastic shown through the lens of Squeeze momentum, as I ended up plugging the Stochastic output into the Squeeze momentum formula to create an oscillator. By selecting "Use Oscillator" you will see this in action as well. (Bottom indicator shows the oscillator addition)
Pine Script® indicator
by J-Streak
4
Price Action IndexI've created a simple oscillator which I think does a good job of easily showing you when price is worth watching or not. I think all too often you get stuck looking at something like an RSI and end up trading noise. From my observations and experiences, I've found that there are 2 major catalysts for price movement-- Price is either trending and reaches a top or bottom, or Price is consolidating and ready to make a move in some direction These movements can be seen quite well from a Bollinger Band, which is what mostly gave me the inspiration. When I watch a chart with a BB on it I see that either you're looking to trade price moving out of a squeeze or riding price up/down the band until it crosses over and makes a move to the moving average. My solution was to multiply the direction of price by the strength of its deviation. Price gets converted into a signal between -1.0 (bottom of the range) and 1.0 (top of the range) Standard Deviation gets converted into a stochastic signal between 0 (next to no deviation from mean) and 100 (highest deviation in lookback) These 2 get multiplied by each other The result tells you if price action is trending bullish and if its approaching max strength (perhaps Overbought), example: Price is hitting highs (1.0) and deviation is also at its highest (100) = 100, opposite for bearish Result can also tell you if price is at the top of the range but the deviation is so tiny and we're mostly pinned to the mean (1.0 * 5 = only 5) How to Trade this Indicator-- If the indicator is stuck near the middle and purple: - Don't make directional trades or you'll be eaten alive by the chop - Good idea to sell options, Iron Condors/Butterflies, etc - Wait for a move to breakout --> the purple will fade away and give way to a direction --- As in all trading scenarios, be mindful of fakeouts/short moves to one direction that very quickly get reversed If the indicator is heading higher: - This would indicate there is a bull trend going on, get long - If we are reaching the overbought area, this is an ideal place to take profits or look at spreads like Bearish Call Spreads (sell calls) - I think you can make your own determination of when to sell by either selling when we're in the overbought area (if it reaches there) or staying bullish so long as it is above the zone If the indicator is heading lower: - Bear trend, shorting is possible - Can use this as a contrarian signal to buy lows A couple of charts with the indicator and a purple squeeze box I've drawn (can sometimes get noisy in real-time, but hindsight is 20/20)-- Bitcoin on Daily with default 20 length Gamestop on 30 minute time frame with 100 length Please feel free to use this indicator for your trading or your own indicators. This particular script is very stripped down/bare bones from what I have been working on as an ongoing project. If TradingView ever returns scripts you can sell, I would probably open that up for a small premium.
Pine Script® indicator
by chrism665
43
SVIEWThis is momentum based indicator Input 1. Two EMA 2. Stochastic Thought process 1. Difference between fast and slow ema has a oscillating nature. 2. Stochastic %k %d crossover gives early signals 3. early entry gives low risk high reward setup Calculation 1. A= EMA (fast) - EMA (slow) 2. B =Stochastic(%K)-Stochastic(%D) When A is increasing and B is positive, bar is green When A is decreasing and B is negative, bar is red Else, bar is black Use This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups Example When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options ) 29 minutes ago Release Notes: This is combination of 1. Ema diff 2. stochastic 3. Keltner channel 4. Bollinger bands 5. bunch of EMAs Thought process 1. Difference between fast and slow ema has a oscillating nature. 2. Stochastic %k %d crossover gives early signals 3. early entry gives low risk high reward setup Calculation 1. A= EMA (fast) - EMA (slow) 2. B =Stochastic(%K)-Stochastic(%D) When A is increasing and B is positive, bar is green When A is decreasing and B is negative, bar is red Else, bar is black Use This is an early entry signal system. When used with Channel trading system, it gives high probability, low risk high reward setups Example When price has breached below -2 Keltner channel, and impulse candle turns green, go long (or sell put options )
Pine Script® indicator
by babablacksheep
1
Bollinger Bands Width with Squeeze AlertThis is the standard Bollinger Bands Width (BBW) indicator with the added capability of detecting the "Bollinger Bands Squeeze" as defined by John Bollinger: The BBW squeeze happens when BBW < all BBWs of the past 125 intervals. Whenever a BBW squeeze occurs, this means there is low volatility. A low volatility period is almost always followed by high volatility: a large breakout (with price performing ample movement and exiting the BBW bands) may suddenly occur. The breakout may be preceded by a fakeout, during which price moves in the opposite direction.
Pine Script® indicator
by danarm
8
Multi StrategyDuring the course of a trade, we can find ourselves changing strategies depending on the market. Instead of using many different templates, I have a simple indicator that clearly says "Buy", "Sell" or "Stay Out". The great thing about this approach, is we instantly observe the majority are in agreement and that decides which way to place our trade. This indicator includes the following strategies: - QQE - Ichimoku using much faster settings. - Parabolic SAR - Supertrend - TTM Oscillator - The Squeeze strategy - The Alligator Strategy Using this indicator is simple, if the lines are mainly green then buy, if mainly red then sell OR don't trade. So... Green Line - This strategy is in a buy position Orange or Black Line - This strategy is undecided Red Line - This strategy is in a sell position There are also some green and red circles for reference that appear showing when that bar has broken through the Ichimoku cloud. The trader's approach is simple, when all indicators are green or red, then take the trade. As soon as one indicator changes, then re-evaluate using your normal process, such as price action, to determine whether to close the trade or continue. I can customise this further or add other strategies, please message me.
Pine Script® indicator
by ForexResearchLabs
14
Volatility Bands by DGTVolatility represents how large an asset's prices swing around the mean price, the degree of variation of a trading price over time, and is commonly measured with beta (β) coefficients, standard deviations (σ) of returns where tools such as Average True Range, Bollinger Bands, Keltner Channel, Squeeze Indicator, etc presents volatility concept Volatility often refers to the amount of uncertainty or risk related to the size of changes in a security's value. The higher the volatility, the riskier the security - the price of the security can change dramatically over a short time period in either direction. A lower volatility - security's value does not fluctuate dramatically, and tends to be more steady This study, Volatility Bands , attempts to present a way to measure and visualize volatility , using standard deviations (σ) and average true range indicator, and aims to point out areas that might indicate potential trading opportunities I will try to explain the usage with examples, same setup with different option selected as you may observe from the examples different setting may have advantages and disadvantages over one another, it is recommended to verify a trading setup with different available options. Additionally, It is recommended to use this indicator in conjunction with other technical indicators, or verify using chart/candle patterns. Below is an usage example using in conjunction with other indicator, in the given example “Neglected Volume by DGT” is selected Similarities and Differences Bollinger Bands depicts two standard deviations above and below a simple moving average, and Keltner Channel depicts two times average true range (ATR) above and below an exponential moving average Volatility Bands study combines the approach of both Bollinger Bands and Keltner Channel, with different settings and different visualization Default settings are one standard deviations and one time average true range (ATR) above and below 13 period exponential moving average. Setting can be adjusted by users but let me remind all testes are performed with the default settings. Mathematically expressed as Upper band area between “ema + stdev” and “ema + atr” Lower band area between “ema – stdev” and “ema – atr” A different display is added with the inspiration I get from one of the @quantgym ‘s study, many thanks @quantgym 😉 When difference band display is selected the study will reflect the area between “ema + stdev – atr” and “ema – stdev + atr”. As shown in the examples above Note: standard deviation calculation can be adjusted based on price action or its moving average. Other differentiation between BB and KC is with V-BANDS mostly we look for trade opportunities when price action move out of the bands and in most cases we assume market is consolidating when the price action is within the bands The other indicator that presents similarities to Volatility Bands is Squeeze Indicator, which measures the relationship between Bollinger Bands and Keltner's Channels to help identify consolidations and signal when prices are likely to break out. Mainly Volatility Bands is different version of Squeeze indicator, in fact the purpose is almost same but visualization is completely different. Additionally Volatility Bands Offers trading opportunities whereas Squeeze indicator only presents market states unless a momentum indicator is adapted to Squeeze indicator. Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
23
Keltner+Bollinger Squeeze [kingthies_]Keltner-Bollinger-Combo Squeeze As you likely know, the bollinger squeeze comes from the bband indicator, a classic indicator in all forms of technical analysis, effectively measuring volatility of a given assets price movement. There are different forms of the squeeze here on tradingview, and I've combined the Bollinger band indicator in my own strategy, to the alternative and similar appearing Keltner channels. The two work incredibly well together and I've used them in my analysis for years now as my core approach to understanding the technical side of the markets. This tool will show users the result that i typically look for when assessing for potential volatile moves in the near future for an asset, and will highlight the chart + send an alert when the chart is something to look at and the indicator suggests incoming volatility may be in the near future. The users will still need to assess themselves whether the squeeze they see is a bullish or bearish leaning, but the overall idea is to set it and forget it with the alert clause thats added in. Personally i enjoy this with Heikin ashi inputs but use whichever preference you have, and all timeframes + tickers should apply here. Cheers
Pine Script® indicator
by kingthies
Stoch X, an Indicator of Indicators by DGTStochastic refers to a randomly determined process and financial markets use stochastic models to represent the seemingly random behaviour of assets and then used by quantitative analysts to value options on asset prices The stochastic oscillator, developed by George Lane, presents the location of the closing price of a stock in relation to the high and low range of the price of a stock over a period of time. Lane has said that the stochastic oscillator does not follow price or volume or anything similar. He indicates that the oscillator follows the speed or momentum of price. Traditionally, readings over 80 are considered in the overbought range, and readings under 20 are considered oversold. Please note that, very strong trends can maintain overbought or oversold conditions for an extended period and traders should look to changes in the stochastic oscillator for clues about future trend shifts. It is advised to check the higher timeframe of your trading timeframe and see where you are in the “big picture” Signal crosses , intersection of stochastic and its signal line is considered to be a signal that a reversal may be in the works Divergence between the stochastic oscillator and trending price action is also seen as an important reversal signal Lane also reveals in interviews that, as a rule, the momentum or speed of the price of a stock changes before the price changes itself . In this way, the stochastic oscillator can be used to foreshadow reversals when the indicator reveals bullish or bearish divergences. This signal is the first, and arguably the most important, trading signal Lane identified. What is Stochastic X ? Stochastic X , is essentially an indicator of an indicator, providing stochastic calculation to some of well known indicators, such as RSI, MFI, OBV, etc. This means that it is a measure of selected specific indicator relative to its own high/low range over a user defined period of time. Features of Stoch X 1- Displays Stoch of and indicator plus a companion indicator (companion display can be disabled from user dialog box) Available options Stoch Source plus PM A, where Source is close price and PMA refers to Price Distance to its Moving Average (for further details you may check my study of Price Distance to its MA by DGT, and different application of distance concept available with “MACD-X, More Than MACD" And “P-MACD”) Stoch RSI plus RSI , Stoch RSI, developed by Tushar Chande and Stanley Kroll, is a build-in indicator available on Trading View, where Stoch X adds RSI as a companion indicator to Stoch RSI Stoch MFI and MFI , where MFI is Money Flow Index, measures buying and selling pressure through analyzing both price and volume Stoch OBV + VO , Where OBV is On Balance Volume, is a momentum indicator that measures positive and negative volume flow. VO stands for Volume Oscillator which aims to confirm a market turnaround or trend reversal Stoch EWO + EWO , EWO stands for Elliott Wave Oscillator By default the threshold levels are indicated and are displayed differently for the regular Stoch or Stoch RSI. Overbought band (70-80), oversold band (20-30) and middle line (0) are emphasized Warning : Centered Oscillators base line is moved from 0 to 50 to better suit with Stoch X, which is applied to PMA, VO and EWO 2- Can be plotted along with Stoch in the same window using the same scaling To avoid misinterpreting the area between Stoch X and its Signal Line is highlighted automatically in case Stoch is selected to be plotted 3- Squeeze Indicator added as Add-on in the bottom of the Stoch X During volatile market conditions the stochastic oscillator has been known to produce false signals. One way to help with this is to take the price trend as a filter, or basic chart pattern analysis can help to identify major, underlying trends and increase the Stoch X's accuracy. This study implements Squeeze Indicator to help and add additional insight for filtering false signals. Blue diamond shapes indicates the squeeze release, that is volatility increased and according to momentum direction the buy/sell possibility can be considered. Orange ones displays consolidation periods, that is low volatility and the market is assumed to be in squeeze and no trade is recommended. in this phase. Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
18
Renko AccelerationRenko is a very useful charting method for analyzing stock movement. It does a great job of filtering out all the excess noise so that all we're left with is pure price action. But, what about time? Time is a fundamental part of chart analysis and we are only seeing part of the picture. After all, shouldn't we take a very different approach to trading signals from a block that renders in 2 seconds as opposed to a block that renders in 30 minutes? This indicator provides the best of both worlds, enabling us to correlate the passing of time with price movement and clearly see when squeezes and breakouts occur. As the indicator turns up to green we can see that volatility is on the move and the market is accelerating (breakout), and as it turns down to red the market is stagnating (squeeze). There is also an alternate 'Precise' view which renders the exact time per block for more granular analysis.
Pine Script® indicator
by sourcey
6
Squeeze Momentum Indicator [LazyBear] vHMAThis is a remake of the famous LazyBear Indicator, the Squeeze Momentum Indicator. All i did was take out the SMA's and replace them with HMA's. HMA is a more responsive moving average. Hull Moving Average. This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11). Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release". Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. More info: - Book: Mastering The Trade by John F Carter Here is the original version:
Pine Script® indicator
by SeaSide420
13
GRAB or TrendStrength Bars with Highlights[Salty]GRAB or TrendStrength Bars with Propulsion Dots and Highlights for Squeeze Pro, CCI-Arrows, and SlowStoch This indicator shows GRAB or TrendStrength candles and allows several moving averages to be displayed at the same time. It has arrows and diamonds above or below the candles to show CCI values above 100 or below -100 with the arrow pointing in the direction of the momentum. Diamonds indicate slightly weaker momentum than arrows, but still consider strong. It has background coloring that is light green to show bullish trends and light red to show bearish trends that are derived from slow stochastics. In general Darker colors are used for down moves and lighter colors are use to show up moves. Also, red indicates bearish, and green indicates bullish throughout. It has yellow background to show squeezes with additional Squeeze Pro information shown at the bottom of the chart in the form of letters and momentum arrows. L = Low compression squeeze, S = Normal Squeeze, and H = High Compression Squeeze. It has a set of propulsion dots for each Moving Average. The trend is consider bullish when green colored dots print, and bearish when red dots print. 3 ATR Keltner channels are printed. The first two show the values used by the squeeze by default 2 Bolinger Bands are displayed based on the values used by the Squeeze by default. 1 VWAP line may be displayed. TIP: overlaying the TICK symbol is great for confirming a bias where positive values are bullish and negative values are bearish.
Pine Script® indicator
by markmiotke
7
(JS) Squeeze Pro OverlaysSo this was something I planned on doing in the future, I knew it would take some time to put together but here it is, the Squeeze Pro 2 Overlays. On my original Squeeze Pro, I had made several overlay indicators to go along with it, this time my goal was to combine all that stuff into a single indicator and allow the user to turn on and off the specific features they'd prefer to use. The version illustrated in the preview has everything turned on. What is "everything"? Here's the breakdown... First of all - the color schemes in the Squeeze Pro match the color schemes in the Overlays indicator, so you can match them up (Color Scheme 3 in example). There are 6 schemes, option 1 is the original Squeeze colors. There's also an option to make the light squeeze black, rather than white. This is for people who aren't using Dark Mode. It will flip all white to black, to make your charts better to read! So there are 4 main overlays that can be switched on and off with this indicator, they include; 1. Early Signal Candles 2. BBMA Basis Line 3. Bollinger Bands/Keltner Channel Breaches 4. Signal Arrows Early Signal Candles The Early Signal Candles have two parameters, the entry smoothing period and the exit smoothing period. There is a different type of early entry signal for each type of squeeze. Low Squeeze generates white dots on the highs of the candles. Mid Squeeze generates a lime green candle (or purple candle in color scheme 3). High Squeeze generates a bigger purple circle on the high of the candle. These three signals are made to mimic the original Early In/Out Candles from John Carter and represent the same thing (they work the same way). As for the early exit, that would be determined by the color of the candle vs the color of the squeeze, works the same way as the original as well. BBMA Basis Line The BBMA (Bollinger Bands Momentum Average) was a moving average I had made to use with the squeeze on the previous version. It is the basis line of the BB and KC used to make up the Squeeze (a 20 SMA). There are 4 different colors to it on this version. 1. Orange - This means no squeeze. 2. White/Black - Low Squeeze 3. Red - Mid Squeeze 4. Yellow - High Squeeze You'll also notice these colors are light and dark in different spots - this is a representation of whether the Bollinger Bands are expanding or contracting. Dark means expanding, light means contracting. Bollinger Bands/Keltner Channel Breaches This is a pretty simple feature. If there is an ongoing squeeze, and a candle closes above or below the Bollinger Bands or Keltner Channels, a circle appears at the top or the bottom of the chart telling you which way the channel has been breached. Signal Arrows This is what makes up most of the overlay indicator. If you turn it on, the default is set to work just like the original. There are lots of options with this though. First, you can turn each type of Squeeze Arrow on or off by checking/unchecking the boxes for them. Now allow me to explain the "Signal Length", as there are several options. The default is "6 Dots", this generates a signal when a particular type of Squeeze reaches the 6th dot ("12 Dots" works the same way). "End of Squeeze" generates a signal once a type of Squeeze has concluded. "End of Early Signal" generates a signal when the early dots (or candle) finishes. "Custom" allows you to select your own dot duration to produce a signal, you select that number in the field below. The other portion of this is the "Signal Type", this is where you select how each signal is generated once the selected amount of time takes place. The default is the same as the original "+/-", this generates a signal based on whether Squeeze momentum is positive or negative. "Rising/Falling" will only generate a signal if the Squeeze momentum maintains consistently over the last 6 bars. "Crossed Zero" only generates a signal if the Squeeze momentum crosses above or below the zero line. "Basis Line Momentum" is based on the BBMA. A signal is generated based on whether the current candle closes above or below the basis line. "Divergence" only generates a signal if there is a divergence signal present at the time of the signal. "Current Momentum" generates a signal based simply on the current direction of Squeeze momentum. "Sum of Change" generates a signal based on the sum of the change in the Squeeze momentum being positive (long) or negative (short) over the length of time you select in the "Sum of Change Length" field. Then "Combo" tries to take a look at everything and generates a score based on these parameters. Positive score = long, negative = short. I hope I gave a detailed enough explanation on how everything works, let me know if you have any questions! Hope you like it!
Pine Script® indicator
by J-Streak
31
(JS) Squeeze Pro 2This is my version of the updated classic indicator created by John Carter. I plan on adding a Squeeze Overlay script in the future that will pair with this one as well for additional signals. So to break down the Squeeze, what it is, how it works, etc - you have to look at the components that make it up. 1. Bollinger Bands 2. Keltner Channels 3. Momentum The momentum in this indicator is smoothed out using linear regression (shout out to Lazy Bear, it's a much simpler way to do it, imo). The momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). Now what is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels. This is interpreted as price is compressing and building up energy before releasing it and making a big move. Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC. In my version, I've given the freedom to change this and try out different types of moving averages. His original squeeze indicator had one Squeeze setting, though this new one has three . The white dot Squeeze , call it a "low squeeze", an "early squeeze", whatever you'd like - this is the easiest Squeeze to form based on its settings. The red dot Squeeze is the original from the first Squeeze indicator. And finally, the yellow dot squeeze , call it a "high squeeze", "power squeeze", once again whatever you want - is the most difficult to form and suggests price is under extreme levels of compression. From what I've witnessed John Carter say in the past, the squeeze is meant to be used for continuation. Now to explain the parameters: Squeeze Input - This is just the source for the Squeeze to use, default value is closing price. Length - This is the length of time used to calculate the Bollinger Bands and Keltner Channels. Bollinger Bands Calculation Type - Selects the type of moving average used to create the Bollinger Bands. Keltner Channel Calculation Type - Selects the type of moving average used to create the Keltner Channel. Color Format - I have created 5 different color schemes, this allows you to choose one. Draw Divergence - Self explanatory here, this will auto-draw divergence on the indicator. Gray Background for Dark Mode - This is something I put on all my indicators to make them more visually appealing. Moving on to the alerts, I have made some basic alerts to notify certain indicator conditions (I had to revise it back from the prior version, as V4 of PineScript limits outputs). 6th Dot Alerts - This will inform you when a certain Squeeze makes it 6 dots in. Why 6 dots? That is what John Carter said to be his preference. 12th Dot Alerts - Think of this as a "prolonged Squeeze" alert. I feel like if they do run this long you likely need to go up in resolution, but some traders prefer certain time increments so this is for them. End of Squeeze Alerts - Self explanatory again - once a Squeeze has concluded this will provide you with a notification. Start of Squeeze Alerts - Opposite of the alert above, notifications come when a Squeeze begins. Zero Line Alerts - This will inform you of when the momentum makes a bullish or bearish move across the zero line. I hope that I've done well enough explaining the indicator and how it works, for any further information on it I suggest you check out Simpler Trading and get linked up with John Carter over there. He does lots of videos, webinars, and of course you can always get the official indicator and his signals there too.
Pine Script® indicator
by J-Streak
46
Study for Squeeze Momentum Indicator [LazyBear]This study is based on LazyBear Squeeze Momentum Indicator and my strategy developed using it. I added some custom feature and filters. Main improvements are: 1- study is updated to version 4 of pine script; 2- I added alerts for entry rules and exit rules. 3- Alert syntax can be customized for webhooks: I added one example only for long entry. You can customize a lot of features to get a profitable strategy. Here is a link to original study. Please use comment section for any feedback.
Pine Script® indicator
by 03.freeman
5