If you have any questions drop them below or send me a message. About this indicator: This indicator aims to combine two good performing strategies, which can be used separately or together, mainly for investment positions. I have been finding good success using it on the 4hr, but for the long term squeezes the daily and above seems to work quite well.įeel free to mess around with the settings if you wish, I currently have is set to using a TEMA as the signal line. Moving Average Convergence / Divergence (MACD) Momentum Indicator (MOM) Average Directional Index (ADX) squeeze ADX TTM tradinglatino simplertrading waves. You can also use it to see where the current trend is, if it's above or below the zeroiline, and is the white (momentum) above or below the orange (signal line). Is there any divergence? If there is wait for the white to cross over the signal line and then start looking for the trade. Other things to look for are is it squeezing and who has the momentum, is it with the bulls or bears ( white above or below orange). The squeeze Momentum Indicator is the most popular indicator in Tradingviews public library. I have the colours made more predominant than the default I also am using the smooth momentum settings just below show histogram, see settings here = i./4 To produce Buy/Sell signals, the Squeeze indicator is plotted along with Momentum Oscillator. The Maxx Momentum shows when a trend may be losing strength and highlights squeezes with the direction they are likely to go. MultKC = input(1.Hi guys here is the new version of the Maxx Momentum. Study(shorttitle = "SQZMOM_LB", title="Squeeze Momentum Indicator ", overlay=false) Book: Mastering The Trade by John F Carter You can favorite it to use it on a chart. This script is published closed-source but you may use it freely. Also, Mr.Carter uses simple momentum indicator, while I have used a different method (linreg based) to plot the histogram. Squeeze Momentum Indicator - AJ Robertson. I just added a white line to the indicator anytime a pivot point occurs. And finally, the yellow dot squeeze, call it a 'high. This is basically the original Squeeze Momentum Indicator. The orange dot Squeeze is the original from the first Squeeze indicator. The gray dot Squeeze, call it a 'low squeeze' or an 'early squeeze' - this is the easiest Squeeze to form based on its settings. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. The original squeeze indicator had only one Squeeze setting, though this new one has three. Exit the position when the momentum changes (increase or decrease - signified by a color change). This script offers a suite for both mean reversion and trend-following analysis. 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). The Squeeze Momentum Deluxe is a comprehensive trading toolkit built with features of momentum, volatility, and price action. This signifies low volatility, market preparing itself for an explosive move (up or down). Dynamic Squeeze Conditions: Ranging from No Squeeze to High Compression. Modified version of Squeeze Momentum Indicator by LazyBear. This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).īlack crosses on the midline show that the market just entered a squeeze (Bollinger Bands are with in Keltner Channel). Use the updated source instead of the what TV shows below. Fixed a typo in the code where BB multiplier was stuck at 1.5.
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