The basis being Bollinger Bands dipping into a Kelter Channel. The Squeeze Indicator is a volatility-momentum technical oscillator created by John Carter to measure and trade breakouts. It shows the periods when volatility increases or decreases, in other words. John Carter's version is quite well know. Squeeze Momentum Indicator LazyBear The indicator was created by John Carter to shows the market volatility. # hlc=(amom>amoms)?(amom amoms then if amom amoms then if amom < 0 then Color.ORANGE else Color.GREEN else if amom < 0 then Color.RED else Color.ORANGE else color. I was glad to find the Mobius’ Momentum Squeeze Indicator, as the ThinkorSwim TTMSQueeze indicator has the the source code locked and hidden. Plot histogram = if sh = yes then hl else Double.NaN The squeeze momentum indicator is key in identifying when to enter a position during a long period of consolidation and catching a breakout to the downside(p. If amoms 0 and amom > 0 then Min(amoms, amom) Modified version of Squeeze Momentum Indicator including line graph of the main indicator instead of using a Histogram and a second Signal line (5 bars SMA of the original line) to provide visual BUY/SELL signals BUY when Blue crosses ABOVE the RED signal line SELL when Blue crosses BELOW the RED signal line author: LazyBear modified by: Kvan fr3762 on twitter (tweets are only in TURKISH. # hl=sh ? amoms0 and amom>0 ? min(amoms, amom) : 0 : na # amom=100*(((sm?ema(src,smp):src)/(sma(src,p)) - 1))ĭef t_amom = if sm = yes then ExpAverage(src, smp) else src ĭef amom = 100 * ( (t_amom / ( Average(src, p)) - 1)) # eb=input(false, title="Enable Barcolors") # sh=input(false, title="Show Histogram") Keltner Channels (KC) Bollinger Bands (BB) squeezemomentum. # sm=input(false, title="Smooth Momentum") Squeeze Momentum Indicator v4pine By Lazy Bear TLID Feb 11, 2021. # thinkscript conversion by mashume 2022.10 Take profit early (while testing this strategy manually) as i noticed that if you get a big momentum change day the whole option value can go to even very fast.# study("Anchored Momentum ", shorttitle="AMOM_LB").Other more aggressive tests would be to enter a position early when red dot changes to black (high squeeze to low squeeze) and increase position when it changes to green dot (squeeze released/no squeeze).When momentum changes from Aqua to Blue close Calls, from Red to Yellow close Puts.It was developed by LazyBear and is available on the TradingView platform. Buy Puts on the first GREEN dot (when squeeze starts) if bearish momentum (Red bars) The Squeeze Momentum Indicator Lazybear (SQZMOM) is a technical analysis tool used to identify potential changes in a security’s price momentum.This indicator is using ADX and Squeeze Momentum Indicator. Buy Calls on the first GREEN dot (when squeeze starts) if bullish momentum (Aqua bars) This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator.The indicator momentum values seem to be off by 1 day compared to TradingView.Open-source script In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. The backtest if ran on QC will result in this chart that can show the same visualisation: The Squeeze Chart This is the famous Squeeze Momentum Indicator made by LazyBear in v4 version if someone wants to test some strategies, as the original code was in v2 version the code converter couldn't convert to v4. I'm sharing just the indicator here in the hopes of getting the community to offer improvement suggestions of how this can be done better. //ENGLISH Squeeze momentum of lazy bear, multiple time frames, It gives you information if the cycles with high temporality momentums are in harmony, by default two more momentums are shown, I prefer to use only one extra, in the options you can change the time frame of the momentums, in addition to the momentums you can add the RSI and ADX, if the momentum look. It uses Bollinger Bands and Keltner Channels to determine when a squeeze is happening. This implementation is derived from the John Carter TTM Squeeze indicator that he discussed in his book “Mastering the Trade”. I would like to share one of the most popular indicators on TradingView called Squeeze Momentum Indicator done by LazyBear. Today we are testing the The BEST Indicator and most downloaded indicator On TradingView: Squeeze Momentum Indicator Trading Strategy (Lazybear).
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