(Description from the original author of this indicator LazyBear, all credits go to him). – Book: Mastering The Trade by John F Carter Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram. The Squeeze Momentum was originally a derivative of John Carters 'TTM Squeeze' volatility indicator & was popularized by Lazy Bear on TradingView back in 2014. My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Updated source: /UCpcX8d7 Use the updated source instead of the what TV shows below. Thanks UDAYCSanthakumar for bringing it to my notice. Exit the position when the momentum changes (increase or decrease - signified by a color change). Squeeze Momentum Indicator LazyBear LazyBear Wizard Oscillators Volatility lazybear custom indicators 86669 588 Fixed a typo in the code where BB multiplier was stuck at 1.5. ![]() author: LazyBear, modified by KivancOzbilgic, and by dgtrd I took in all of the information as the script below is based on the V2 Script that LazyBear posted and then added Alerting based on the math and the conditions that dgtrd added. Exit the position when the momentum changes (increase or decrease signified by a color change). A modified version of Squeeze Momentum Indicator visualizing on Price Chart. The Squeeze Pro is used to both find areas of consolidation (the squeeze) as well as assess the momentum and. The three types of squeezes are indicated by the colored dots on the zero line (black low, red mid, orange high) while momentum is indicated by the oscillator. 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). 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 Pro indicator introduces high and low compression squeezes to the traditional Bollinger Band squeeze. ![]() This signifies low volatility, market preparing itself for an explosive move (up or down). SQUEEZE PRO INDICATOR v0. I found this indicator that appears to be so effective that it might be too good to be true. This is a long strategy, so it also takes into consideration the 50 period Exponential Moving Average to identify upward trends. It analyzes when the trend in the momentum is shifting, locating the peaks and the valleys, and takes those as sell and buy signals respectively. This is a derivative of John Carter’s “TTM Squeeze” volatility indicator, as discussed in his book “Mastering the Trade” (chapter 11).īlack (or white) crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). The momentum histogram on the ttm squeeze is one of the most underrated indicators out there for scalping. This strategy is based on LazyBear's Squeeze Momentum indicator.
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